Feds Uncover Massive Fraud, IRS Scammed out of Billions?
Federal authorities have uncovered a widespread scheme that may have defrauded the Internal Revenue Service (IRS) out of billions of dollars using the stolen identities of Puerto Rican citizens, according to a recent report from the Wall Street Journal.
“The perpetrators of the scheme, authorities say, swipe the Social Security numbers of Puerto Rican citizens, who don’t have to pay federal income tax—and are less likely to be on the IRS radar—and use their information to file fake returns,” the report adds. ”In some cases, they enlist U.S. mail carriers to intercept the refund checks that are disbursed [emphasis added].”
Dating back to 2007, the plan involves participants from both the U.S. and Latin America.
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