The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might be eligible for a tax break.
Category: Frauds and Swindling
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Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut
Medicare spending on “skin substitutes” made of dried placenta has soared as doctors pocket lucrative discounts from sellers.
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How Will Charlie Javice Teach Pilates in an Ankle Monitor?
Convicted of fraud and facing the possibility of decades in prison, Charlie Javice was concerned about how a monitoring device would affect her job.
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Investigating a Sprawling Money Laundering Network
Two New York Times reporters spent several months learning the intricacies of a wide-reaching web of scammers.
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Sean Kingston and His Mother Are Convicted in $1 Million Fraud Scheme
Mr. Kingston, who is best known for his 2007 hit single “Beautiful Girls,” and his mother were charged with defrauding sellers of high-end vehicles, jewelry and other goods, prosecutors said.
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Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender
Carlos Watson, who started the now-defunct digital media company, had been sentenced to almost 10 years in prison for trying to defraud investors and lenders.
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Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition
Federal prosecutors convinced a jury that Ms. Javice faked much of her customer list before selling her start-up, Frank, to the bank.
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How a Crypto Craze Swept An Argentine Town
In San Pedro, Argentina, 16,000 people, a fifth of the population, signed up for a cryptocurrency exchange where everyone won. Until they didn’t.
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Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.
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Hackers Stole $635,000 in Taylor Swift Ticket Scheme, Queens D.A. Says
Two people stand accused of taking hundreds of tickets from StubHub to redirect them to others who resold them, prosecutors said.
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”