payroll tax fraud
Coverage of payroll tax fraud in the Nexus archive.
- Illegal immigrant from Honduras gets 8 years in prison for $38M payroll tax fraud scheme
Mario Flores, an illegal immigrant from Honduras, was sentenced to eight years in prison for a $38 million payroll tax fraud scheme involving shell companies in Orlando, Florida. He conspired with his girlfriend and others to defraud the US government.
- Treasury warns banks of ‘red flags’ tied to customers in the US illegally
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory urging banks to identify financial schemes linked to unauthorized workers, including identity theft and payroll tax fraud. The guidance follows an executive order by President Trump requiring banks to scrutinize customer citizenship status, though it stops short of making citizenship data collection mandatory.
- Father and Son Contractors Admit Tax Evasion, Payroll Tax Fraud, and Fraudulently Obtaining a Loan Meant to Help Small Businesses During COVID-19 Pandemic and Related Offenses
A father and son from Elmer, New Jersey, admitted to income tax evasion, failing to pay payroll taxes to the IRS, and fraudulently obtaining a Paycheck Protection Program loan. The individuals were contractors who committed these offenses during the COVID-19 pandemic.