Tag:

U.S. Treasury

Ridgefield Park-Hasbrouck Heights
Police & Fire
HIGH LIFE: Ridgefield Park Man Charged With Spending $100G Treasury Check Stolen Out Of Teaneck HIGH LIFE: Ridgefield Park Man Charged With Spending $100G Treasury Check Stolen Out Of Teaneck
High Life: Ridgefield Park Man Charged With Spending $100G Treasury Check Stolen Out Of Teaneck A Ridgefield Park man intercepted a $100,000 U.S. Treasury check that was headed to a beneficiary in Teaneck, then spent the money on himself, authorities charged. Tyler N. Thomas, 27, “created a fictitious LLC and opened a bank account to deposit the check for his own benefit,” Bergen County Prosecutor Mark Musella said. He then “withdrew funds and made several purchases prior to the detection of the fraud,” Musella said. Thomas (also known as Tyler D. Rodriguez) surrendered himself on Oct. 10 amid a joint investigation by members of Musella’s Financial Crime Unit and Teaneck police, the…

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by Jerry DeMarco
Cape May
Police & Fire
Cape May County Phone Scammers Claimed They Were From Amazon, DEA: Prosecutor Cape May County Phone Scammers Claimed They Were From Amazon, DEA: Prosecutor
Cape May County Phone Scammers Claimed They Were From Amazon, DEA: Prosecutor Two people have been arrested in connection with a phone scam, authorities said. On Aug. 29, the victim in this investigation received a call from a subject claiming to be from Amazon Customer Service, according to Cape May County Prosecutor Jeffrey H. Sutherland, This individual claimed that they were calling because of an issue with a purchase and the victim’s identity was stolen. The victim was subsequently transferred to another individual claiming to be from the Drug Enforcement Administration (DEA). The victim was then told that there were multiple bank a…

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by Jon Craig
Teaneck
Police & Fire
Teaneck Tax Preparer Busted By IRS In $32.6 Million COVID Fraud Teaneck Tax Preparer Busted By IRS In $32.6 Million COVID Fraud
Teaneck Tax Preparer Busted By IRS In $32.6 Million COVID Fraud A tax preparer from Teaneck was arrested Monday for illegally collecting more than $1 million for himself and $31.6 million for clients in tax refunds by filing fraudulent returns with the government, federal authorities said. Leon Haynes, 49, sought $124.8 million combined from the IRS in nearly 1,400 bogus tax formers that he filed claiming COVID-related employment tax credits, said U.S. Attorney Philip R. Sellinger and Acting Deputy U.S. Assistant Attorney General Stuart M. Goldberg. "Based on Haynes’ false claims about his own companies, the U.S. Treasury mailed him multiple tax re…

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by Jerry DeMarco
Lehigh
Business
CEO Of World's Largest Hedge Fund Firm Steps Down To Weigh Run For US Senate In PA CEO Of World's Largest Hedge Fund Firm Steps Down To Weigh Run For US Senate In PA
CEO Of World's Largest Hedge Fund Firm Steps Down To Weigh Run For US Senate In PA The CEO of the world's largest hedge fund firm is stepping down to consider a run for the US Senate in Pennsylvania, The Hill reports. David McCormick's departure was announced Monday by Connecticut-based Bridgewater Associates, the outlet said. McCormick began working for Bridgewater in 2009 and was named co-CEO in 2017, according to his Linkedin page. He was then named CEO in 2020. The military veteran and Princeton graduate previously worked as the US Treasury undersecretary for international affairs in the George W. Bush Administration, according to his profile. Deputy CEO Nir Ba…

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by Nicole Acosta
Cumberland
News
SEEN HIM? Harrisburg Man Wanted For Stimulus Check Fraud, Police Say SEEN HIM? Harrisburg Man Wanted For Stimulus Check Fraud, Police Say
Seen HIM? Harrisburg Man Wanted For Stimulus Check Fraud, Police Say A 36-year-old Harrisburg man is wanted for a possible stimulus check fraud in Cumberland County, authorities said. A warrant for the arrest of Charles Brown was issued by Lower Allen Township on charges of two misdemeanors for bad checks and theft by depiction. On April 25 2020, shortly after the first stimulus checks were issued in March 2020, Brown took a US Treasury Check for $1,200 to Members First Federal Credit Union to deposit the check into his account.  Over the last week of April 2020, Brown made multiple withdrawals for a total of $1,100 as well as debit card transacti…

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by Jillian Pikora
Worcester
News
Trump Built a National Debt So Big - Before COVID-19 - It’ll Weigh Down The Economy For Years Trump Built a National Debt So Big - Before COVID-19 - It’ll Weigh Down The Economy For Years
Trump Built a National Debt So Big - Before Covid-19 - It’ll Weigh Down The Economy For Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt, Propublica reported. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much …

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by Allan Sloan, ProPublica, and Cezary Podkul for ProPublica Jan. 14, 5 a.m. EST
Cortlandt
News
Area Attorney Sentenced For Evading $566K In Taxes Area Attorney Sentenced For Evading $566K In Taxes
Area Attorney Sentenced For Evading $566K In Taxes A Hudson Valley attorney living in Fairfield County will spend time behind bars after admitting to tax evasion and failing to pay over payroll taxes during a long-running scheme. Danbury resident Francis O’Reilly, an attorney in Putnam County, in Carmel, was sentenced this week to 18 months in prison for an elaborate scheme that cost the U.S. Treasury more than $800,000 following his guilty plea last year. Prosecutors said that O’Reilly has been permitted to practice law in New York since 1989, and has been a self-employed attorney who worked out of Putnam County at the O’Reilly Law Practic…

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by Zak Failla
Middlesex NJ
Police & Fire
Feds: Middlesex County ID Thief Forged, Cashed $211,887 US Treasury Check Feds: Middlesex County ID Thief Forged, Cashed $211,887 US Treasury Check
Feds: Middlesex County ID Thief Forged, Cashed $211,887 US Treasury Check A Middlesex County identity thief collected $211,887 by forging a stolen U.S. Treasury check, federal authorities said Tuesday. Federal agents arrested Bernard Lopez, 40, of Sayreville, in Florida on Monday, U.S. Attorney Craig Carpenito said. They charged him with bank fraud, theft of government funds and aggravated identity theft. Lopez “used a victim’s Social Security number and business documents pertaining to a sham business that he had created to open a fraudulent bank account in that business’ name,” Carpenito said. He then altered a stolen U.S. Treasury check to be made payable to…

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by Jerry DeMarco
Fort Lee
Police & Fire
Israel’s Largest Bank Pays $900 Million In Offshore Tax Evasion Scheme, Soccer Payoffs Israel’s Largest Bank Pays $900 Million In Offshore Tax Evasion Scheme, Soccer Payoffs
Israel’s Largest Bank Pays $900 Million In Offshore Tax Evasion Scheme, Soccer Payoffs Israel’s largest bank and a Swiss subsidiary agreed in federal court in Manhattan on Thursday to pay $874.27 million to the U.S. Treasury, the Federal Reserve, and the New York State Department of Financial Services to settle offshore tax-evasion charges. At the same time, Bank Hapoalim B.M. and its wholly owned subsidiary, Hapoalim (Switzerland) Ltd., agreed to pay more than $30 million to the United States to resolve a federal investigation into their roles in laundering bribes and kickbacks to the world governing body for soccer. As part of the tax-evasion settlement, Bank Hapoalim B.M.&…

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by Jerry DeMarco
Fairfield
News
Landlord In Connecticut, New York Sentenced For Tax Evasion Landlord In Connecticut, New York Sentenced For Tax Evasion
Landlord In Connecticut, New York Sentenced For Tax Evasion A landlord with properties in Connecticut and New York has been sentenced after admitting to failing to pay hundreds of thousands of dollars in taxes. Anthony Valentino, of Palm City, Florida, pleaded guilty in Bridgeport district court earlier to one count of tax evasion after attempting to avoid paying more than $300,000 in income taxes, U.S. Attorney John Durham announced. This week, he was sentenced to nine months in prison, followed by a year of supervised release. Valentino must also pay a $10,000 fine. Durham said that Valentino, 76, is a real estate investor with properties in New Y…

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by Zak Failla
Stratford
News
Connecticut Landlord Admits To Tax Evasion Connecticut Landlord Admits To Tax Evasion
Connecticut Landlord Admits To Tax Evasion A landlord with properties in Connecticut and New York has admitted to failing to pay hundreds of thousands of dollars. Anthony Valentino, of Palm City, Florida, has pleaded guilty in Bridgeport district court to one count of tax evasion after attempting to avoid paying more than $300,000 in income taxes, U.S. Attorney John Durham announced. Durham said that Valentino, 76, is a real estate investor with properties in New York and Connecticut, including a 100-unit apartment complex in Naugatuck. From 2011 through 2013, Valentino deposited more than $1.1 million of real estate receipts into …

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by Zak Failla
Fort Lee
Police & Fire
Legendary NJ K-9 Crosses Bridge To Dog Run In Sky Legendary NJ K-9 Crosses Bridge To Dog Run In Sky
Legendary NJ K-9 Crosses Bridge To Dog Run In Sky TRIBUTE: He became a legend as the last of the New Jersey Fire Marshal’s original K-9 unit and, over his career, helped solve countless crimes – among them, homicides and arsons. Those who loved and worked with him said goodbye on Monday to Scout. Scout worked with various county prosecutors’ offices, as well as with federal agents from the U.S. Treasury, ATF and Homeland Security. He helped locate more than $9.5 million of counterfeit and untaxed cigarettes. “He retired with me in 2016,” partner/handler Jeff Silver said at a gathering at the Oradell Veterinary Group in Fort Lee. He was a …

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by Jerry DeMarco
Pascack Valley
Police & Fire
Feds: BMW To Pay $2.2M+ To Service Members For Early Lease Terminations Feds: BMW To Pay $2.2M+ To Service Members For Early Lease Terminations
Feds: BMW To Pay $2.2M+ To Service Members For Early Lease Terminations WOODCLIFF LAKE, N.J. -- BMW Financial Services has agreed to pay more than $2.2 million to settle charges that it refused to refund certain up-front car lease payments to 492 service members when they were deployed or re-deployed. The case is the first case brought by the Justice Department involving a motor vehicle lessor’s failure to refund lease amounts to those service members who exercised their rights to do so early. The agreement requires BMW FS to refund to each service member portions of the pre-paid CCR amount based on how many days were remaining in their individual leases. BMW…

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by Jerry DeMarco