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Archive for March, 2007

Tax Cheat Program Gaining Ground

Tuesday, March 20th, 2007

The IRS is turning on the heat against tax cheats through the use of its new whistleblower program,and newspaper and magazine articles are spreading the word. This article provides some detail on how whistleblowers can anonymously make money by receiving 15 to 30 percent of the IRS cut if the tax fraud comes out to at least $2 million (including penalties, interest and whatever else the government collects based on the whistleblower’s report submission). Prior incentives offered by the IRS proved to be ineffective. Now a whistleblower can file an appeal in court if the IRS does not issue a reward to a deserving whistleblower.

To read more click here.

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$4 Million International Pyramid Scheme Lands individual in Jail - Government Warns Against Investing in Non-Traditional Investment Opportunities that Guarantee Profits

Tuesday, March 20th, 2007

A federal jury in Eugene, Oregon has found Richard J. Dompier of North Carolina guilty of 29 charges involving mail fraud, money laundering and tax fraud. The pyramid scheme involved the selling of nearly 76,000 silver bars to more than 5,000 investor, promising them fabulous returns on their money. Dompier’s business, New Millennium Group (NMG) was headquartered in Roseburg, Oregon. The scheme was successful; victimizing individuals from the United States, England, Canada, Africa and Australia. Dompier’s scheme in England and other parts of Europe alone generated $1.5 million for him. Small commission checks were mailed to early investors which helped generate additional victims. Subsequent investors did not receive the commissions they were promised which prompted complaints to the Attorney Generals Offices. A federal grand jury in Oregon charged Dompier with failure to file corporate income tax returns, mail fraud, illegally transferring funds taken by fraud interstate, and money laundering. Sentencing is scheduled for June 2007. For the entire article click here.

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Director of New IRS Whistleblower Office Speaks

Friday, March 16th, 2007

“Evidence and analysis is what we are looking for rather than hearsay and speculation,” said Stephen A. Whitlock, director of the IRS’s new Whistleblower Office. “People who come in with hearsay, speculation and a motive tend to be less reliable. This shouldn’t be about personal vindictiveness.”

“The better developed the information from the source,” Whitlock said, “the better we can pursue it.” Whitlock ran the Department of Defense fraud program for years. For more views from Whitlock as reported by Columnist Kristy Kristof, click here.

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More Incentives For Tax Whistleblowers

Monday, March 12th, 2007

Tax whistleblowers can be in line for big cash payments. Kathy M. Kristof of the Los Angeles Times reports that while the IRS has had a hotline for years, the IRS has doubled the maximum reward to 30% including interest, tax and penalties. “Evidence and analysis is what we are looking for, rather than heresy and speculation,” said Stephen A. Whitlock, Director of the IRS’ new Whistleblower Office. Whistleblowers with knowledge of at least $2 million in lost revenue could get 15 to 30% of the amount collected under the new whistleblower provisions. See the full article here.
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Archive for March, 2007

Tax Cheat Program Gaining Ground

$4 Million International Pyramid Scheme Lands individual in Jail - Government Warns Against Investing in Non-Traditional Investment Opportunities that Guarantee Profits

Director of New IRS Whistleblower Office Speaks

More Incentives For Tax Whistleblowers

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