Tax & Unemployment Fraud at Epidemic Levels
The Criminal Investigation Division of the Internal Revenue Service (IRS) announced in its annual report that they “uncovered $2.3 billion in tax fraud during the 2020 fiscal year”. (IRS Releases Annual Report Identifying $2.3 Billion in Tax Fraud). These numbers put Tax and Unemployment fraud at epidemic levels! The IRS said that its focus included Covid-19-related fraud, cybercrime, and other identity theft-related tax crimes. Further explaining that their investigation into the Dark Web includes “terrorist financing cyber-enabled campaigns” where U.S. authorities seized millions of dollars. The IRS was able to take over 300 cryptocurrency accounts, four websites, and four Facebook pages all related to the criminal activity. Then in January of this year, the Federal Trade Commission (FTC) released its annual identity theft and fraud report known as the “FTC Consumer Sentinel Network Data Book” (2020 FTC Consumer Sentinel Network Data Book). The 2021 FTC report states that identity theft was […]
