“Don’t put all your eggs in one basket” is typically good advice, except in the case of a North Carolina tax preparer who diversified her practice to include dealing meth. When an undercover agent placed an order for a pound of meth and she took the bait, it was safe to say that she was likely engaged in other unsavory business practices. It turned out she had been fraudulently e-filing returns claiming false wage income and had done so on at least 489 false returns that generated $3.2 million in fraudulent refunds. She faces five years in prison for tax fraud and five to 40 years for methamphetamine distribution. (https://www.accountingtoday.com/news/tax-fraud-blotter-junior-achievements)
CPAs, get four hours of fraud CPE with our 2020 Fundamentals of Fraud Prevention and Detection On-Demand Webinar. Click here for more information.
