2013 Fraud Security Taxes 
PYMNTS
MARCH 10, 2017
Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.
PYMNTS
SEPTEMBER 24, 2020
Fraud Threats To Digital Banking. Social Security numbers. Another threat is identity fraud, in which bad actors will either steal an individual’s identity or forge a new one, and then use it to open new accounts or apply for fraudulent loans they have no intention of paying back. Identity fraud accounted for $16.9
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PYMNTS
JANUARY 15, 2021
These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.
PYMNTS
SEPTEMBER 18, 2018
The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.
PYMNTS
AUGUST 17, 2018
To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. 1 of 2013 and the end of March 2018.
PYMNTS
MARCH 26, 2016
A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. The government alleges that the two co-conspirators worked together to get away with the tax returns. Huff returned half of the money to Battle and kept the remaining balance.
PYMNTS
JANUARY 4, 2017
government and has been looked into since 2013. The paper noted that, since 2013, Americans — many of which are recent immigrants — have been scammed out of $100 million as a result. In the past, India wasn’t known for large-scale fraud, but that is changing. NYT noted this scam is being tracked by the U.S.
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