Mostly Cloudy 32°
Tag:

Luxury Goods

News
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

SHARE

by Joe Lombardi
News
Former Virginia Health Official Sentenced For $4.3M Fraud Scheme, Tax Evasion: Feds Former Virginia Health Official Sentenced For $4.3M Fraud Scheme, Tax Evasion: Feds
Former Virginia Health Official Sentenced For $4.3M Fraud Scheme, Tax Evasion: Feds A man who once oversaw Virginia’s emergency response programs will spend six years in prison for misappropriating millions from the state's Department of Health, federal authorities said. A former senior official with the Virginia Department of Health (VDH) was sentenced to six years in federal prison this week for orchestrating a multimillion-dollar fraud scheme and evading nearly $2 million in taxes, according to court records. Adam Lamar Harrell, 41, of Midlothian, used his position as Associate Director of the Office of Emergency Medical Services (OEMS) to siphon $4.3 million in public …

SHARE

by Zak Failla
Business
Former NFL Player, UVA Alum Turned Developer Charged With Embezzlement In Virginia: Feds Former NFL Player, UVA Alum Turned Developer Charged With Embezzlement In Virginia: Feds
Former NFL Player, UVA Alum Turned Developer Charged With Embezzlement In Virginia: Feds A former NFL player who was a standout at the University of Virginia is facing federal charges for alleged embezzlement, authorities announced. Christopher Harrison, 52, was charged by a grand jury for allegedly misappropriating loans intended for the development of two projects linked to his real estate company. According to the indictment, Harrison allegedly secured loans from Cedar Rapids Bank & Trust (CRBT) for $14,492,057 for the Model Tobacco Project in Richmond and $7,706,675 for the Whitaker Park Project in North Carolina. Under the terms of the agreements, the former offe…

SHARE

by Zak Failla