Timber Company Employee Axed After Embezzling Millions!

Susan Tranberg, who worked for the Weyerhauser Company for more than 40 years, was sentenced to 57 months in prison for tax evasion, wire fraud and defrauding her employer of more than 4.5 million dollars.

 

Tranberg’s scheming began in 2004 when she created a fake timber contract between the company and a vendor she named after her mother, who was not involved in the fraud. Over the next decade Tranberg received more than 2.6 million dollars through the bogus company. In 2014 Weyerhauser transitioned to a different payment processing system and Tranberg submitted new documentation, including 1099 and W9 paperwork signed by her mother, who had been deceased for five years. Tranberg forged colleagues’ signatures on check requests and used other colleagues’ log in credentials to approve payments.

 

The majority of the money was used to fund a lavish lifestyle of vacations, expensive dinners, six figure wedding expenses and shopping sprees.

 

Tranberg was ordered to pay $775,984 to Weyerhauser, $3,805,223 to the Crime Victims Fund and $807,033 to the IRS

Pizzeria Owner Skims More Than Cheese From Business

The owner of Muncheez Pizzeria in Wisconsin has been charged with four counts of filing false tax returns for skimming approximately $800,000 from his business receipts between 2012 and 2016.

 

Paul Vanderlinden took the cash, deposited it in his personal bank accounts and failed to report or pay taxes on the income.

 

Vanderlinden used a large portion of the cash to pay his employees cash wages and is also charged with failing to withhold and pay over the payroll taxes associated with those wages.

 

In addition to restitution, Vanderlin faces up to three years in prison for each count of filing a false tax return and five years for failing to pay over payroll taxes.

Tax Evader Should Have Used Warning System to Save Herself IRS Troubles

Lynda Zimmermann pleaded guilty to one count of filing a false tax return and agreed to pay $1,088,649.22 to the IRS prior to sentencing. Zimmermann and her husband owned a company in Tucson that provided lightning detection and warning systems to golf courses, parks and mines around the world.

 

In 2014 Zimmermann provided her accountants with gross receipts totaling $1,322,680 when the actual number was $2,405,276. This resulted in an underreporting of more than one million dollars on that year’s Form 1040.

 

Zimmermann faces up to five years in prison.

Shoe Drops on Former CFO Who Embezzles $27 Million; Faces 33 Years in Prison!

The former CFO of Alden Shoe Company, Richard Hajjar, pleaded guilty to filing a false tax return, wire fraud and unlawful monetary transactions in connection with embezzling more than 27 million dollars from the company.

 

From 2011 to 2019, when he was fired from the company, Hajjar stole 3.7 million dollars by writing checks to himself. He embezzled another 24 million dollars by transferring the money to a trust owned by the company that was dormant and making himself the trustee of the account. From this account he wrote more checks to himself and to others.

 

At least 15 million dollars of the stolen funds went to Bianca de la Garza, a former news anchor who runs Lucky Gal Productions. De la Garza claims she did not know the lavish gifts, vacations and investments in her company came from the embezzled funds.

 

From 2014 to 2019 Hajjar failed to report the proceeds from the embezzlement on his tax returns which resulted in a tax loss of $5,112,822 to the IRS.

 

Hajjar faces up to 33 years in prison.

Your IRS Questions Answered Here…

Question: I’ve been getting notices from the IRS saying I owe them for back taxes. This is stressing me out and starting to affect other areas of my life. What should I do?

 

Answer:  Owing money to the IRS or State can be intimidating and throw your life out of whack but ignoring these notices will only make things worse. The IRS has several debt settlement options but it’s important to take action before they garnish your paycheck and/or levy your bank account.  One of these options is an installment agreement payment plan.

The IRS has 10 years to collect on a tax liability from the date you filed your return and are relentless when they think you have their money.  There are several types of installment agreements.  One of them, is called a “partial pay” installment agreement where it’s possible to reduce the total outstanding balance due to the IRS based on how much time is left on the 10 years to collect. The IRS does not “advertise” this option for obvious reasons. We know how to obtain this solution but you must take the first step and call us to see if you qualify.

You need a professional expert to help you deal with the IRS.  You can’t do this on your own, you’ll get crushed. As a matter of fact, going or talking to the IRS without representation could be the worst thing you can do. It’s like going to court without a lawyer. The IRS does not have your best interests at heart.

Swiss Bank’s Case Full of Holes

The Department of Justice Tax Division charged Switzerland’s oldest bank, Rahn+Bodmer Co, with conspiring to help US account holders evade their US tax obligations, file false tax returns, and otherwise defraud the IRS.

The Swiss bank admitted in court that between 2004 and 2012 they held undeclared accounts on behalf of 340 US taxpayers, who collectively evaded approximately 16.4 million dollars in US taxes. The assets held by the bank for undeclared US account holders went from 391 million dollars in 2004 to 550 million dollars in 2007, its peak year for undeclared assets.

The bank has agreed to pay 22 million dollars in restitution, forfeiture and penalties and to fully cooperate with the IRS in order to bring the tax evaders to justice. If the bank abides by all the terms of the agreement, the government will seek to dismiss the charges after three years.

Produce CEO Harvests Big Bounty Illegally for Himself

The former President and CEO of the Philadelphia Wholesale Produce Market, Caesar DiCrecchio, was charged with wire fraud, identity theft, money laundering and tax evasion for embezzling over 7.8 million dollars.

DiCrecchio used company funds to pay 1.9 million dollars in rent for his New Jersey shore house. He converted into cash 1.1 million dollars in checks drawn on the Market’s bank account, and had 1.7 million dollars in checks issued to his friends and family. He had the Market pay his personal credit card expenses, converted $320,000 in checks payable to the Market into cash, and skimmed 2.6 million dollars in cash from the pay gate at the Market’s parking lot. He used a portion of that money to pay Market employees under the table. He also used Market funds for a $180,000 loan to a Market vendor which the vendor paid back directly to DiCrecchio.

DiCreccio hid the fraud by listing the money as expenditures for insurance, legal fees, snow removal and other legitimate expenses.

In addition to not reporting the income from the embezzled funds, from 2014 to 2017 DiCrecchio failed to report 2.1 million dollars in income, as well as a car allowance, a pension and consulting income. He faces a maximum of 102 years in prison and a fine of 2.5 million dollars.

Filing False Tax Returns with Stolen IDs Gets Woman Prison ID

Marien Torres-Acevedo was sentenced to 75 months in prison for her part in a scheme that included stealing identities and filing false tax returns with the stolen IDs.

From January 2015 to July 2016 Torres-Acevedo and two co-conspirators filed dozens of false tax returns that she admitted generated between 550,000 to 1.5 million dollars.

Torres-Acevedo was also held accountable for fabricating social media communications that she claimed were threatening to her and her family, but were discovered to have been created by her as a ploy for sympathy.

In addition to the prison sentence she has been ordered to pay $857,729.65 in restitution.

One co-conspirator was sentenced to 54 months in prison and the other was sentenced to three years probation and paid 2.1 million dollars in restitution and fines.

Good Grief Charlie Brown! Project Linus President Embezzles $400k from Charity

The former President of Project Linus, a nonprofit that provides handmade blankets for children who are seriously ill, has been sentenced to prison for wire fraud, mail fraud, money laundering and tax evasion as a result of stealing more than $400,000 from the organization.

Carol Babbitt was the organization’s national president from 2000 to 2016, and in 2010 began using company credit cards to pay for personal expenses including clothing, furniture, electronics, pet grooming, tickets for sporting events and personal travel. She covered her tracks by falsely classifying the expenditures in the organization’s books. In addition she failed to report the stolen funds on her tax returns.

Babbitt was sentenced to 30 months in prison and ordered to pay Project Linus $410,210 in restitution and $7,586 to the Illinois department of revenue.

That’s a Lot of Tacos – Owner of Mexican Restaurant Files False Tax Returns, Hides $2.5 Million in Sales

Juan Hurtado, the owner of five Pepe’s Mexican restaurant franchises in Chicago, pleaded guilty to filing false tax returns and underreporting his income by approximately 2.5 million dollars. From 2016 to 2018 Hurtado filed 11 false tax returns with the IRS. He also admitted to giving his accountants false sales reports that underreported the gross receipts and sales of his restaurants.

Hurtado faces up to three years in federal prison, plus restitution of unpaid taxes, penalties and fees to the IRS.