A former Microsoft software engineer from Ukraine has been sentenced to nine years in prison for stealing more than $10 million in store credit from Microsoft’s online store. Ars Technica reports: From 2016 to 2018, Volodymyr Kvashuk worked for Microsoft as a tester, placing mock online orders to make sure everything was working smoothly. The software automatically prevented shipment of physical…
Tag: IRS
Billionaire CEO of Software Company Indicted For Alleged $2 Billion Tax Evasion Schemes
The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.” ZDNet reports: The scheme, in which roughly $2 billion was hidden away in offshore accounts and through money laundering, took place between 1999 and 2019, the US Department of Justice (DoJ) said on Thursday. According…
America’s IRS Wants Cryptocurrency Exchanges Declared on Tax Forms
America’s dreaded tax-collecting agency is sending “a strong warning to millions of crypto holders who aren’t complying with the law that they must file required forms,” reports the Wall Street Journal. The front page of this year’s tax forms — just below “Name” and “Address” — will ask filers to declare whether they’ve received or exchanged any virtual currencies. The Journal…
The FTC Is Investigating Intuit Over TurboTax Practices
The Federal Trade Commission has been investigating Intuit and its marketing of TurboTax products, following ProPublica’s reporting that the Silicon Valley company deceived tax filers into paying when they could have filed for free. From a report: The FTC probe, run out of the commission’s Bureau of Consumer Protection, centers on whether Intuit violated the law against unfair and deceptive practices…
Kingpin Behind Massive Identity-Theft Service Says He’s Sorry
Krebs on Security tells the tale of Hieu Minh Ngo, who earned $3 million by selling the identity records he’d stolen from consumer data brokers (which included social security numbers and physical addresses). “He was selling the personal information on more than 200 million Americans,” one secret service agent tells the site, “and allowing anyone to buy it for pennies apiece.”…
IRS Used Cellphone Location Data To Try To Find Suspects
The Internal Revenue Service attempted to identify and track potential criminal suspects by purchasing access to a commercial database that records the locations of millions of American cellphones. The Wall Street Journal reports: The IRS Criminal Investigation unit, or IRS CI, had a subscription to access the data in 2017 and 2018, and the way it used the data was revealed…
Multiple Banks Have Reported Outages As People Check For Coronavirus Stimulus Checks
Chase, Capital One, PNC Bank and others across the U.S. have reported outages with online and mobile banking Wednesday — the same day the coronavirus IRS stimulus checks are expected to hit bank accounts of those eligible. CNET reports: Banks including Chase, Capital One, PNC Bank, US Bank and Navy Federal, as well as the app Cash App have all reported…
Star Forming Region S106
Massive star IRS 4 is beginning to spread its wings. Source: https://apod.nasa.gov/apod/astropix.html…
IRS Sues Facebook For $9 Billion, Says Company Offshored Profits To Ireland
An anonymous reader quotes a report from Fox Business: Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world’s largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland. The trial, which Facebook expects will take…
Ohio Man Arrested For Running Bitcoin Mixing Service That Laundered $300 Million
U.S. authorities have arrested Larry Harmon of Akron, Ohio, for running a “Bitcoin mixer” service on the dark web that helped criminals disguise the origin of Bitcoin transactions. Harmon is “accused in a three-count indictment (PDF) for operating Helix, an online website located on the dark web,” reports ZDNet. It is the first case the DOJ has brought against a Bitcoin…