Wednesday, May 2, 2012

william joseph and identity theft tax fraud

william joseph and identity theft tax fraud

william joseph and identity theft tax fraud, This is some crazy stuff, but Michael Bennett and William Joseph, two former National League Football players, were arrested by the FBI on Monday and are being charged with identity theft and tax-related fraud, the Miami Herald reports.The two arrests were part of a larger crackdown on a group of people filing fake tax returns in order to steal victims’ tax refunds.
Bennett was a running back drafted by the Minnesota Vikings in 2001. Joseph was originally drafted as a defensive tackle by the New York Giants in 2003 and played for the Oakland Raiders between 2008 and 2010. Louis Gachelin, who was briefly on the New England Patriots’ roster, was also arrested in connection with the scheme.

Taxpayer identity theft is a growing problem.

In 2011, the IRS halted 262,000 fake returns and $1.4 billion in refunds because of identity theft — a large increase from the 50,000 falsified returns the IRS saw in 2010.

Not only does tax-related identity theft steal money from the federal government and cause undo frustration for those scammed, it also delayed refunds for legitimate taxpayers.

The Miami Herald points out that stealing someone’s tax refund is a relatively simple feat, due to lax security and oversight on behalf of the IRS:

The IRS does not actually match tax returns to the W-2 income forms that employers file until months after the filing season ends on April 15… That’s way too late to catch identity thieves who file false returns in others’ names early in the year.

All that’s needed to steal a tax return is the victim’s name and social security number, along with a new address and bank account. Oftentimes a scam is not discovered until the victim tries to legitimately file a tax return and is told that a return has already been filed in his or her name.

The Identity Theft and Tax Fraud Prevention Act, introduced by Sens. Bill Nelson (D-Fla.) and Dick Durbin (D-Ill.), seeks to curb tax fraud by making it a felony that carries up to five years in prison. The law would also help fund tax fraud prevention initiatives.

FBI agents faked out a couple of ex-NFL football players and a former local high school star by setting up a check-cashing store “front” in North Miami, where the players are accused of cashing dozens of fraudulently obtained tax-refund checks and seeking a loan — all totaling hundreds of thousands of dollars.

The undercover operation, designed to block an alleged identity-theft and tax-refund scheme, sacked a pair of National Football League veterans and a Miami Jackson High graduate:

• William Joseph, a University of Miami defensive tackle who was drafted in the first round by the New York Giants in 2003 and last played with the Oakland Raiders in 2010.

• Michael Bennett, a University of Wisconsin running back who also was drafted in the first round by the Minnesota Vikings in 2001 and finished his career with the Raiders in 2011.

• Louis Gachelin, a Miami Jackson High and Syracuse University defensive lineman who signed as a free agent with the New England Patriots in 2004. Gachelin never made the final roster.

Authorities say the latest tax-related fraud case, while unique because of the ex-NFL defendants, is yet another example of the escalating number of reported identity-theft crimes in South Florida and nationwide.

Michael Bennett and William Joseph, two former National League Football players, were arrested by the FBI on Monday and are being charged with identity theft and tax-related fraud, the Miami Herald reports.

The two arrests were part of a larger crackdown on a group of people filing fake tax returns in order to steal victims' tax refunds.

Bennett was a running back drafted by the Minnesota Vikings in 2001. Joseph was originally drafted as a defensive tackle by the New York Giants in 2003 and played for the Oakland Raiders between 2008 and 2010. Louis Gachelin, who was briefly on the New England Patriots' roster, was also arrested in connection with the scheme.

Taxpayer identity theft is a growing problem.

In 2011, the IRS halted 262,000 fake returns and $1.4 billion in refunds because of identity theft -- a large increase from the 50,000 falsified returns the IRS saw in 2010.

Not only does tax-related identity theft steal money from the federal government and cause undo frustration for those scammed, it also delayed refunds for legitimate taxpayers.

The Miami Herald points out that stealing someone's tax refund is a relatively simple feat, due to lax security and oversight on behalf of the IRS:

The IRS does not actually match tax returns to the W-2 income forms that employers file until months after the filing season ends on April 15... That’s way too late to catch identity thieves who file false returns in others’ names early in the year.
No, this isn't the first blog on Janoris Jenkins. This actually involves two first round draft picks from 2001 and 2003 who obviously fell on bad enough times that they had to steal identities and file fake tax returns making thousands of dollars.

Via USA Today
Arrested by FBI agents were William Joseph, a University of Miami defensive tackle drafted by the New York Giants in 2003, and Michael Bennett, a University of Wisconsin running back drafted by the Vikings in 2001.

A third defendant, according to the Miami Herald, is Louis Gachelin, a former Miami high school star who played football at Syracuse University and is the half-brother of Denver Broncos star Elvis Dumervil.

The FBI declined to give details of the scheme, but the Heraldreported they likely will become public when a criminal complaint is released later today.

The three suspects were being held at a federal detention center in downtown Miami. The Herald said the FBI made additional arrests in a related investigation.

william joseph and identity theft tax fraud Rating: 4.5 Diposkan Oleh: Arm Aritn

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