Fraud is Confining

Initially, when fraudsters dream about launching a scam to defraud, they are thinking about how wonderful life is going to be with the additional cash in their bank account. They don’t usually think far enough down the line to consider how confining an act of fraud can be to one’s lifestyle, if caught. An article published in the Pittsburgh Post-Gazette tells the story of how one man’s fraudulent tax return left him confined to his home.

The article states that a periodontist filed a false tax return while going through a routine audit by the Internal Revenue Service (IRS). (Note to self: Don’t file a false tax return while being audited.) As you can imagine, an official investigation was subsequently launched.

It turns out that the man had engaged in fraud for two years and lied on a tax return. (He had deducted $29,000 for business expenses that were actually personal expenses.) He also neglected to report cash payments received from his patients at the dental practice where he worked. (Cash can be hard to trace.)

As a result of his fraudulent tax return, the 55-year-old periodontist was sentenced to six months of home confinement. He also is required to perform 300 hours of free dental service to the poor, serve probation for three years and pay a $20,000 fine plus restitution to be determined by the IRS.

This fraudster is really lucky the Judge didn’t confine him to a jail cell. What seemed like a good idea at the time now has him bound by his fraudulent actions. Let’s hope this guy has learned his lesson and won’t ever attempt to steal from the government again.

The post Fraud is Confining appeared first on Fraud of the Day.

Rob Port is the editor of SayAnythingBlog.com, a columnist for the Forum News Service, and host of the Plain Talk Podcast which you can subscribe to by clicking here.

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