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Carousel fraud
The not-so-merry evasion of value-added taxes is a vicious cycle of false trading across multiple countries. Around these trader schemes, known as carousel fraud, fraud examiners work to uncover complex international fraud networks and identify at-risk business entities.
Written By: Samuel May, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Fraud Schemes
- Tax Fraud
ChatGPT AI voice cloning, plus fake income-tax refund scam
Don’t send in the clones! Fraudsters are using ChatGPT to replicate voices to pull off classic grandparent and family-emergency scams. And beware of this new fake income-tax refund scam.
Written By: Robert E. Holtfreter, Ph.D., CFE
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- Consumer Fraud and Scams
- Fraud Schemes
- Identity Theft
- Tax Fraud
A matter of trust
Stories of criminals hiding ill-gotten gains in offshore trusts have become all too common. But a new age of transparency has begun as governments look to lift the veil covering this secretive world. Here we examine the history of offshore trusts and how fraudsters have gamed the system to their advantage.
Written By: Leonidas Charitos
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- Fraud Schemes
- Money Laundering
- Tax Fraud
Pirates of the North Atlantic
Commercial fisherman, Carlos Rafael, known as “the Codfather” in New Bedford, Massachusetts, spent years selling thousands of pounds of misrepresented catch under the table for cash, laundered his money and overvalued his business to the IRS, among other crimes. His illegal monopoly predated well-intentioned conservation efforts of governments and citizen groups that inadvertently might have created an environment ripe for fraudulent fishing and reporting activities.
Written By: Donn LeVie, Jr., CFE
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- Fraud Schemes
- Tax Fraud
No-fault car insurance scam, tax return fraud and more
Thirteen people indicted for a $100 million no-fault car insurance scam, sisters perpetrate a tax return fraud scam and Pakistan contemplates banning cryptocurrency.
Written By: Jennifer Liebman, CFE
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- Cryptocurrency and Digital Assets
- Insurance Fraud
- Tax Fraud
Playing dodgeball with yet more scams
Think you’re completing your tax return? Think again. That frightening call from the Social Security Administration? Not who you think it is. And believe you’re getting the protection and settlement from the Equifax breach? Buyer, beware.
Written By: Robert E. Holtfreter, Ph.D., CFE
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- Fraud Schemes
- Identity Theft
- Tax Fraud
Tax season has ended but scams haven't
Fraudsters have invented new themes on old schemes. They threaten to suspend Social Security numbers or tell victims they owe money to fake government organizations.
Written By: Robert E. Holtfreter, Ph.D., CFE
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- Fraud Schemes
- Tax Fraud
Tax preparers gone wild
Many naïve taxpayers — who believe that all tax preparers have to be certified, licensed or regulated in some way — place their entire trust in supposed experts to handle one of the most serious dimensions of adult life.
Written By: Annette Simmons-Brown, CFE
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- Consumer Fraud and Scams
- Fraud Investigation and Examination
- Fraud Schemes
- Government Fraud
- Tax Fraud
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