Five individuals were sentenced to prison last week after they were implicated in a $1 billion biofuel tax fraud scheme. Lev Aslan Dermen (56), a.k.a. Levon Termendzhyan, a Los Angeles businessman, received 40 years in prison; Jacob Kingston (46) was sentenced to 18 years; Isaiah Kingston (42) was sentenced to 12 years; Rachel Kingston (67) was…
Five Sentenced to Prison for Defrauding US Government in Billion-Dollar Biofuel Tax Fraud Scheme
IRS Warns of New Scam Offering to ‘Help’ People Set Up Online Accounts but Stealing Data Instead
The Internal Revenue Service (IRS) has issued a warning for taxpayers to be vigilant of scammers who attempt to sell or offer assistance in setting up an Online Account on IRS.gov, putting their tax and financial information at risk of identity theft. “Scammers are coming up with new ways all the time to try to…
IRS Warns of New Scam Offering to ‘Help’ People Set Up Online Accounts
The Internal Revenue Service (IRS) has issued a warning for taxpayers to be vigilant of scammers who attempt to sell or offer assistance in setting up an Online Account on IRS.gov, putting their tax and financial information at risk of identity theft. “Scammers are coming up with new ways all the time to try to…
Trump’s Companies Fined $1.6 Million for Tax Fraud
January 13, 2023
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Business & MarketsCompaniesCrime and IncidentsDonald Trumpfelony convictionLocal NewsNew YorkRegional-Local Newstax fraudTrumptrump organizationUSUS News
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Frmer President Donald Trump’s two companies—the Trump Corporation and the Trump Payroll Corp.—have received the maximum possible sentence of $1.61 million on multiple tax fraud-related felony convictions. While Trump himself wasn’t charged in the case, his two companies were earlier convicted of over a dozen felonies, including a scheme to defraud, conspiracy, two counts of tax…
If the IRS Calls, Don’t Answer: Don’t Get Hooked by Common Scams
Every year, various types of scams make their appearance. Scammers successfully steal millions of dollars annually through cleverly designed efforts to fool the unaware. Since COVID-19, the IRS has sent out multiple warnings that scammers are more active than ever. Recently, the IRS warned consumers to beware of three types of scams. If you’re waiting…
An Incident of Export Rebate Fraud in China Reveals a Multi-Million Dollar Industry
Recently, a Chinese manufacturer from the city of Mianyang, Sichuan, was discovered to have stolen millions in value-added tax rebates through a fraudulent scheme. Furthermore, local media uncovered a chain of businesses associated with similar schemes, indicating a total of about $70 million in lost revenue for the local governments. Value-added tax (VAT), in simple…
Fashion District Company Owner Sentenced to Prison for Customs, Tax Violations
December 6, 2021
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ArchivedCrime and IncidentsFashion DistrictLocal NewsLos Angelesmoney launderingNewsRegional NewsRegional-Local NewsSouthern Californiatax avoidancetax fraudUS
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LOS ANGELES—A Fashion District clothing company owner was sentenced Dec. 6 to a year in federal prison for scheming to undervalue imported garments and avoid paying millions of dollars in duties and taxes to the United States. Ambiance Apparel owner Sang Bum “Ed” Noh agreed to forfeit $81.5 million as part of his plea deal, according to the U.S….
Sydney Man Charged Over $20 Million Tax Fraud
A man from Sydney’s inner west will become the 14th person to be charged over an elaborate $20 million tax fraud and money laundering operation. The 54-year-old Earlwood man will appear in Downing Centre Local Court on Tuesday, charged with recklessly dealing with the proceeds of crime to the value of $100,000 or more. The…
Spanish Judge Seeks Tax Fraud Trial for Pop Singer Shakira
MADRID—A Spanish judge has seen “sufficient evidence” for Colombian singer Shakira to face trial for tax fraud, a court document released on Thursday said. Judge Marco Jesus Juberias has wrapped up a pre-trial investigation of allegations by prosecutors that the singer failed to pay up to 14.5 million euros ($17.2 million) in tax on income…
NTD Evening News Full Broadcast (July 1)
The Manhattan District Attorney is charging the Trump Organization and its Chief Financial Officer for tax fraud and grand larceny, President Biden is briefed on rescue efforts in Surfside, Florida, and the Supreme Court upholds Arizona’s election laws.
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