The Franchise Tax Board (FTB) in the state of California has several tax cases during the year 2006. The first case I will be addressing is concerning Saud S. Rayyis, (M.D.). Mr. Rayiss was 69 when sentenced to three years in state prison on April 17, 2006. He pleaded guilty to one felony count of tax fraud in February 2006. According to court documents, Rayyis was involved with a local health care clinic in a staged accident activity scheme. After failing to file his state income tax returns from 1998 to 2002, Mr Rayyis claimed more than $4 million. In addition to the 3 years in state prison, the physician will have to pay fines, restitutions and penalties of up to $800,000. I strongly believe Mr. Rayyis deserved his punish and will consider filing his state income tax returns in the following years. Deciding not to file your state income tax returns is unacceptable and unethical as a citizen of the state.
Another FTB case led to the arrest of a Fontana (South California) woman on May 2, 2006. Judi Ann Templeton, 61, was arrested on felony counts of tax evasion, filling a false tax return, and fraudulently obtaining refunds. Judi was suspected of overstating medical and dental deductions on tax returns for her family for 1999 through 2001 and writing a series of non-sufficient-fund checks. Templeton’s husband and sons were unaware of the false returns and forged checks. She is charged with 10 counts of fraudulently obtaining refunds, 9 counts of filing false tax returns, and one count of tax evasions. Templeton’s actions resulted in a loss of more than $26,000 excluding penalties, interest and the cost of investigation. Each felony count carries a maximum sentence of three years in state prison. Judi’s actual sentence is unknown...
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...n be split between the receiver, Hernandez and the intermediaries. Hernandez falsely qualified approximately 33 students as eligible to receive Federal Pell Grants. Hernandez retained approximately $72,525 from the scheme for personal use; however the total amount of his part in the scheme was approximately $200,000. I strongly believe Hernandez had too much access to the system to falsify federal application for financial aid. Either he had too much access or someone knew what he was doing and allowed his access. There were several of “go-betweens” who were persecuted, but only Hernandez was given prison time. Again, I do believe Hernandez actions were wrong and he should receive prison time restitution fines, but I also believe Texas Tech University should review its internal control and processes for submitting and signing federal applications for financial aid.
Debra became the assistant vice-president and manager of energy lending of a Canadian Western Bank on January 31, 2006. Within a month Debra set up her embezzlement scam by creating two corporations that the embezzled funds would be funnelled too. Debra set up an account in a woman’s name using the woman’s GIC (guaranteed investment certificate) which was worth 8 million dollars. Debra started with 100,000 dollars in a line of credit using the woman’s name and increased it 6 times until the line of credit reached $950,0000 on November 6, 2007. Additionally, Debra arranged for 5 new accounts in the same woman’s name with a total deposit of $16.4 million. Debra made 72 unauthorized withdrawals from the fake account in the two year time frame of the scam. She kept the scam going by transferring money from the
Michael “Meeko” Thompson has spent more than two decades locked away in the Chippewa Correctional Facility. Michael was arrested for selling three pounds of cannabis to an undercover officer. He had prior drug offenses, but no history of violence. When his house was raided after his arrest, a few antique firearms and one usable firearm were recovered. Despite the fact that the antiques did not fire and the one that did was owned by Michael’s wife, he was convicted of felony possession of a firearm along with his cannabis charges. This was his fourth offense which labeled him a habitual offender, and he was sentenced to 40-60 years in prison. He could have been sentenced to as little as five years. Notably, even the Michigan Supreme Court
On March 5, 2004, Martha Stewart, a successful business woman and the founder of Martha Stewart Living Omnimedia was sentenced by the jury to five months in prison at a minimum-security federal prison, another five months of home confinement along with 19 months of probation and $30,00 fine. Stewart was found guilty on four counts in what seemed to be known as white-collar crime. In this paper, I will briefly explain, identify and answer respectively in order on the three topics of, what crime did Martha Stewart commit, what evidence did the jury appear to find most convincing and whether should Stewart have received prison time. I will be using my own ideas along with the researches from reputable and credible sources to support my ideas.
Rita Crundwell was the trusted comptroller and treasurer of Dixon, Illinois with a passion for horses. She took advantage of her trust and responsibility to commit the largest known municipal fraud in the history of the United States. This fraudster has surprised and astounded people around the world by the amount of the fraud and for how long it went. Rita served the small town of Dixon from 1983 to 2012 until sentenced to nearly twenty years in federal prison for embezzling an astonishing $53.7 million. The story of this Dixon Commissioner shocked her small town and is studied by auditors all over.
Last weekend, while attending Lexington, KY’s Southland Christian Church, I received an invitation to attend a “Poor Man’s After-Tax Dinner.” Located on a 115-acre plot that occupies a stretch of the rapidly disappearing farmland between Lexington and Jessamine County, Southland will host the gala, which includes a catered meal and a performance by the Dale Adams Band. On the church’s website, an announcement for the event asks, “Did you have to pay when you filed taxes? This month’s Gathering is designed to help you to forget your IRS woes.”[1] The After-Tax Dinner will minister to those still reeling from the April 15th deadline, and, with any luck, it will foster solidarity among Southland’s flock, the majority of whom are members of the tax bracket whose wallets ache most severely after just having rendered unto Caesar the money that belongs to him.
Jovan is a 23year-old African-American male, who has voluntarily admitted himself for inpatient treatment at a local non-profit agency due to abuse of alcohol and other drugs. Jovan has been unemployed for the past 9 months; his employment position with Dollar General was terminated due to charges of embezzlement. He admits that he took money from the register but planned to replace it when he got paid. So, Jovan is currently unemployed, homeless, and has charges pending due to embezzlement and for writing a number of "bounced" checks written over the past year.
This is a horrible oppressive system that must be fixed. These athletes are being cheated out of money by the people who should be looking out for their best interest. The corruption going on with the NCAA must be fixed and these athletes deserve to paid. They do so much for their University and the NCAA, there is no reasonable explanation to why they shouldn’t be fairly compensated. The NCAA has to recognize what they are doing to these athletes is unjustifiable, there must be a change in this system. The players have become employees of the NCAA as much as students -- employees with no compensation, which not only violates common decency but perhaps even the law.
College athletes are manipulated every day. Student athletes are working day in and day out to meet academic standards and to keep their level of play competitive. These athletes need to be rewarded and credited for their achievements. Not only are these athletes not being rewarded but they are also living with no money. Because the athletes are living off of no money they are very vulnerable to taking money from boosters and others that are willing to help them out. The problem with this is that the athletes are not only getting themselves in trouble but their athletic departments as well.
Reggie Bush was paid by a booster to be the running back the University of South Carolina. When Bush was caught, he was massively criticized by others and even had to return his Heisman trophy. Although Reggie Bush actions were wrong, it is tough to give him any criticism. Before reaching the NFL, Bush didn’t not come a wealthy family. Even with a full-ride scholarship, it was almost impossible for him to cover all of his expenses. So when a booster offered to take the weight off of Bush’s back and pay his mother rent, he felt obligated to take the offer. If college athletes were compensated to play in the NCAA, then they wouldn’t have to worry
...ith no choice but to accept illegal money. If the NCAA would just pay these athletes some type of payment then athletes would be less likely to break the rules of the NCAA
“Editorial: Children of illegal immigrants should be able to apply for higher ed aid.” Editorial. The Spokesman-Review. 19 Jan. 2014. Web. 23 April 2014. .
Although many of her actions were parallel with fellow manager in General Accounting Troy Nordmand’s, he did not receive a prison sentence due to the fact that he attempted to leave the company (although Vinson did initially plan to resign). Conversely, Vinson was sentenced to five months in prison and five months of home detention. One particularly interesting aspect of Betty Vinson’s case is the inclusion of her concerns over taking home pay and having health insurance, in addition to the fact that she had a positive reputation and was known for doing “anything you told her”. While it is normal to have concerns over job security, the emotional appeals in her situation add a different side to the story. One could argue that she is a victim -- she could have been targeted due to her reputation, or that fear drove her to do things she otherwise would not have considered. The issue here, however, is that she facilitated the fulfillment of Sullivan’s requests and pleaded guilty to one count of securities fraud and one count of conspiracy to commit securities fraud. As far as the case specifies, despite any superior’s knowledge of Vinson’s tendencies, she was not absolutely forced to do or not do anything. Because she committed the crime and pleaded accordingly, the criminal charges and consequent sentencing was both expected and
convict trying to pass time. If states want to spend money, they should spend it on
Mulligan, Thomas S. and Hamilton, Walter. “Martha Stewart Convicted.” Los Angeles Times 6 March 2004, Home Edition: A1.
This case illustrated that there were real consequences to white collar crime. In addition to paying the fifty million dollar fine, he relinquished another fifty million dollars of his illegal trading profits. (He still had millions remaining, however, from his illegal gains.) His actual prison sentence was three years, yet he served only twenty-two months in the federal prison at Lompoc, California, which was known to have a “country-club” atmosphere.