IRS warns of tax scams
The News Review:
- IRS warns of tax scams
- Three charged in MoBay lottery scam denied bail
- SC weighs setting up scam squad
- Phone Excise Tax Gives the IRS a Headache
IRS warns of tax scams
Denver Post – Feb 23, 2007
The IRS this week unveiled its “Dirty Dozen” a list of the 12 most blatant scams affecting American taxpayers. The list includes five new scams that IRS auditors and criminal investigators have uncovered. They include fraudulent refunds being claimed in connection with the special Telephone Excise Tax Refund that is available this year. “Taxpayers shouldn’t let their guard down” IRS Commissioner Mark W… The IRS this week unveiled its “Dirty Dozen” a list of the 12 most blatant scams affecting American taxpayers. The list includes five new scams that IRS auditors and criminal investigators have uncovered. They include fraudulent refunds being claimed in connection with the special Telephone Excise Tax Refund that is available this year. “Taxpayers shouldn’t let their guard down” IRS Commissioner Mark W. Everson said in a statement. “Don’t get taken by scam artists making outrageous promises. If you use a tax professional pick someone who is reputable.
Three charged in MoBay lottery scam denied bail
Jamaica bserver – Feb 23, 2007
The raids were led by cops from peration Kingfish with assistance from the Fraud Squad Financial Investigation Division Special Anti-Crime Task Force Mobile Reserve rganised Crime Division Police Area ne and the Jamaica Defence Force. The police said that during the raids they recovered banking documents and phone records that implicated the 30 persons. According to the police the perpetrators of the scam would obtain the names and addresses of telemarketing customers who had purchased sweepstake tickets online. They would then contact these customers by telephone and inform them that they had won the lottery. These customers would then be told to pay processing fees of up to US$5000. The lottery scam has been blamed for a significant number of the more than 200 murders committed in St James over the last 14 months. Talk Back No comments have been posted… The police said that during the raids they recovered banking documents and phone records that implicated the 30 persons. According to the police the perpetrators of the scam would obtain the names and addresses of telemarketing customers who had purchased sweepstake tickets online. They would then contact these customers by telephone and inform them that they had won the lottery. These customers would then be told to pay processing fees of up to US$5000. The lottery scam has been blamed for a significant number of the more than 200 murders committed in St James over the last 14 months. Talk Back No comments have been posted.
SC weighs setting up scam squad
Globe and Mail – Feb 22, 2007
SC chairman David Wilson said the commission wants to turn the “advantages of modern technology” against fraudsters by employing various electronic surveillance techniques to detect scams in their early stages. The scam unit would deploy SC staff with expertise in markets regulation and law enforcement and would collaborate with criminal authorities such as the RCMP. “A major challenge in these matters is to act quickly” Mr. Wilson said at a Canadian Institute securities conference in Toronto Thursday. “We have to guard against the risk of a boiler room suddenly evaporating and starting up again in a different location. ” In an interview following his speech Mr… Wilson said the proposal for the scam unit came from the commission’s enforcement division and hasn’t been approved yet but will be considered in coming weeks as the SC sets its budget for the coming year. He said he doesn’t know how much such a unit would cost but said it would be assessed on a cost-benefit basis. Boiler room operators traditionally use telephone pitches to lure people into buying shares of small companies that often have no legitimate operations. But e-mail has become an even more popular tool for scammers allowing them to reach far more potential victims quickly. The scam unit would have a mandate to monitor all forms of communication including e-mail and articles published in small newspapers.
Phone Excise Tax Gives the IRS a Headache
U.S. News & World Report – Feb 22, 2007
At one point the agency said about a third of filers who appeared to qualify for the rebate weren’t taking it. Now the focus has shifted to people claiming way too much–either accidentally or as part of a scam. In addition to probing individual returns IRS agents armed with search warrants have seized records and computers at tax preparation firms in Texas Georgia California Florida and Louisiana where abuse is suspected. The IRS says other tax.
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