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$100M Scheme: NY Man Known As 'Magician' Nabbed In One Of Largest Ever Frauds $100M Scheme: NY Man Known As 'Magician' Nabbed In One Of Largest Ever Frauds
$100M Scheme: NY Man Known As 'Magician' Nabbed In One Of Largest Ever Frauds A New York man known as "the Magician" has been charged in connection with one of the largest-ever tax fraud schemes by a tax preparer, federal officials announced. Northern Westchester County resident Rafael Alvarez, of Cortlandt Manor, has been charged in connection with a $100 million tax fraud scheme involving tens of thousands of federal individual income tax returns with false information, the US Attorney's Office for the Southern District of New York announced on Monday, April 15.  According to federal officials, from 2010 to 2020, Alvarez, also known as "the Magi…

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by Ben Crnic
News
Merrick Business Owner Sentenced For Hiding Income, 'Off-Books' Payrolls, More Merrick Business Owner Sentenced For Hiding Income, 'Off-Books' Payrolls, More
Merrick Business Owner Sentenced For Hiding Income, 'Off-Books' Payrolls, More A Long Island woman must pay hundreds of thousands of dollars of restitution and spend over two years behind bars after she filed false tax returns, hid money from the government, and more, officials said. Lorraine Pilitz, age 65 of Merrick, received her 33-month sentence and orders for restitution on Friday, Jan. 19, the United States Attorney’s Office Eastern District of New York announced. Pilitz was the owner and operator of several car-related businesses on Long Island at the time of the crimes, which happened between 2011 and 2013, the USAO said. The IRS requires that financial in…

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by Sophie Grieser
Business
Don't Fall For It: Alert Issued For Scam Emails Claiming To Be From IRS Don't Fall For It: Alert Issued For Scam Emails Claiming To Be From IRS
Don't Fall For It: Alert Issued For Scam Emails Claiming To Be From IRS Tax Day has come and gone, but the Internal Revenue Service is cautioning of opportunistic fraudsters who have been targeting taxpayers through email scams. In recent weeks, some Americans have reported that they've received emails purportedly from members of the IRS phishing for personal information through both professional and personal accounts. According to reports, the emails have been coming from spam accounts and address taxpayers at the top of the email with the term “dear user,” and no specific name. Related story - IRS May Charge Penalty If You're In One of These Categories…

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by Zak Failla
News
Former Yale Med School Employee Admits Stealing, Selling $40 Million In Electronics Former Yale Med School Employee Admits Stealing, Selling $40 Million In Electronics
Former Yale Med School Employee Admits Stealing, Selling $40 Million In Electronics A former Yale University School of Medicine employee has admitted to stealing $40 million in computer and electronic hardware from the university. Jamie Petrone, age 42, pleaded guilty on Monday, March 28, to wire fraud and filing a false tax return, according to Leonard Boyle, United States Attorney for the District of Connecticut. Petrone is a former resident of Naugatuck in New Haven County, and she currently resides in Georgia, Boyle said.  Beginning in about 2008, Petrone worked for the Yale University School of Medicine's Department of Emergency Medicine and most recently w…

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by Nicole Valinote
News
IRS Issues Warning To Taxpayers About Filing IRS Issues Warning To Taxpayers About Filing
IRS Issues Warning To Taxpayers About Filing With tax season well underway and many Americans scrambling to file before the deadline, the Internal Revenue Service (IRS) is advising of certain details to double-check before submitting the required paperwork. With approximately 25 percent of Americans having already filed in advance of the deadline of Monday, April 18, the IRS posted a new alert warning about four things to keep in mind when filing their taxes. According to the IRS, taxpayers should be aware of these potential tax obligations that involve the gig economy, making virtual currency transactions, earning foreign-sourced inc…

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by Zak Failla
News
Woman Sentenced In $143,000 Nassau County Fraud Scheme Woman Sentenced In $143,000 Nassau County Fraud Scheme
Woman Sentenced In $143,000 Nassau County Fraud Scheme A Long Island woman has been sentenced to 364 days in jail for stealing more than $143,000 from an agency that provides services to children with developmental delays. Nassau County District Attorney Anne T. Donnelly announced on Tuesday, Feb. 15 the sentencing of Suffolk County resident Patricia Sales, age 46, of Huntington Station, who stole the money while she worked at All About Kids as its director of finance. Sales pleaded guilty in November 2021 to the crime, officials said. “After discovering Sales had failed to pay hundreds of thousands of dollars in payroll taxes to the IRS as Al…

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by Kathy Reakes
Business
Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers
Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers Treasury Department officials have warned that major issues the Internal Revenue Service is experiencing could lead to delays when it comes to certain taxpayer services, according to a new report. The Washington Post reported that officials said on Monday, Jan. 10, that they anticipate this tax season will be "frustrating" for preparers and taxpayers due in part to pandemic-related delays and previous budget cuts to the IRS. The news outlet said this year, the IRS is beginning tax filing season with "several times" the typical unaddressed backlog of returns.  The Washington Post said …

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by Nicole Valinote
News
Former Harvard Department Chair Found Guilty Of Hiding Ties To China Former Harvard Department Chair Found Guilty Of Hiding Ties To China
Former Harvard Department Chair Found Guilty Of Hiding Ties To China A former Harvard University department chair has been found guilty of charges in connection with lying to federal authorities about his ties to China and failing to report income he received from a university in China. Charles Lieber, age 62, was found guilty on Tuesday, Dec. 21, of: Two counts of making false statements to federal authorities,  Two counts of making and subscribing a false income tax return, Two counts of failing to file reports of foreign bank and financial accounts with the Internal Revenue Service. Lieber is the former chair of Harvard's Chemistry and Che…

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by Nicole Valinote
News
LI Doctor Claimed More Than $1M In Fraudulent Tax Deductions, Feds Say LI Doctor Claimed More Than $1M In Fraudulent Tax Deductions, Feds Say
LI Doctor Claimed More Than $1M In Fraudulent Tax Deductions, Feds Say A New York doctor has admitted to tax evasion after federal authorities say he claimed more than $1 million in fraudulent tax deductions. Long Island resident Jordan Sudberg pleaded guilty on Tuesday, Nov. 23 to tax evasion for the calendar years 2015 through 2017, in connection with false deductions from a scheme involving his issuance of hundreds of business checks falsely purporting to be payments for business services, which he provided in exchange for cash to a black market money exchange network. As part of his plea, Sudberg agreed to pay $551,660 in restitution to the Internal Reven…

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by Joe Lombardi
News
Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week
Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week Millions of families will begin receiving payments from the Internal Revenue Service this week due to the American Rescue Plan’s expansion of the child tax credit.  The Biden administration previously announced families would begin receiving monthly payments beginning in July of up to $250 for each child between the ages of 6 and 17 years old. Families would receive a payment of $300 for each child under the age of 6. The payments are set to begin on Thursday, July 15. Eligible families will receive the full credit if they are a couple filing jointly with an income of $150,000 or…

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by Nicole Valinote
News
IRS Planning To Delay April 15 Tax Deadline, Reports Say IRS Planning To Delay April 15 Tax Deadline, Reports Say
IRS Planning To Delay April 15 Tax Deadline, Reports Say For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports. Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made. Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay. A filing extension would give taxpayers additional breathing room to meet their tax …

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by Zak Failla
News
Nassau County Accountant Accused Of Trying To Bribe IRS Agent Nassau County Accountant Accused Of Trying To Bribe IRS Agent
Nassau County Accountant Accused Of Trying To Bribe IRS Agent A Long Island accountant was arrested after allegedly attempting to bribe an IRS agent auditing his tax returns. East Meadow resident Mohammad Sayeem met with an IRS agent three times at his home between June 17 last year and Sunday, Feb. 16 as they investigated whether he underreported his 2017 taxable income. It is alleged that at their first meeting last year, Sayeem asked the agent to “help him out” with potential tax liabilities, and inquired about whether he could receive gifts.  The agent reportedly said no, though Sayeem offered him an envelope at the conclusion of their meet…

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by Zak Failla
News
Long Island Brothers, Queens Man Led $2M International Fraud Ring, Feds Say Long Island Brothers, Queens Man Led $2M International Fraud Ring, Feds Say
Long Island Brothers, Queens Man Led $2M International Fraud Ring, Feds Say Two brothers from Long Island and a man in Queens are facing charges for allegedly running a multi-million-dollar scheme by impersonating federal employees. Huntington residents Kamil Zafar, 51, Jamal Zafar, 48, and College Point resident Armughanul Asar, 68, were charged in Central Islip federal court with conspiracy to commit wire fraud and conspiracy to launder money in furtherance of their fraudulent scheme directed at thousands of individuals in the United States. United States Attorney Richard Donoghue said that the three were arrested on Monday, Aug. 26 and are scheduled to be arraig…

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by Zak Failla
Politics
Ex-Oyster Bay Supervisor Venditto Admits To Corruption Charges Ex-Oyster Bay Supervisor Venditto Admits To Corruption Charges
Ex-Oyster Bay Supervisor Venditto Admits To Corruption Charges This story has been updated. John Venditto, the former Town of Oyster Bay Supervisor, has admitted to state corruption charges, though the Republican will avoid spending any time behind bars. Venditto, 70, of Massapequa, pleaded guilty in Nassau County Court to a felony charge of corrupt use of a position of authority and a misdemeanor charge of official misconduct. He had initially pleaded not guilty in June 2017. After serving two decades as town supervisor, Venditto resigned in January 2017 as charges in a different federal corruption case - which was lifted in May last year - were pend…

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by Zak Failla