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The True Stories of Tax Cheaters

Good Essays
Last week, we talked about the IRS Criminal Investigation unit, which just released their Fiscal 2012 report. That report was filled with the sort of dry statistics you would expect from an IRS annual report: 5,125 total investigations launched, 202 crooked tax preparers indicted, 199 identity thieves sent to prison, and 64 months average time behind bars for money launderers. But the report also includes dozens of stories of tax cheats who really just should have known better — and some whose stories are so entertaining we just had to share them. Are you having a bad day? Well, be glad you're not one of these people!

Michael Gerace owned Abbott Pizza in Buffalo, New York, where he cooked up delicious pizzas, calzones, and strombolis. He also cooked up a fake set of books for his accountant, shorting Uncle Sam about 500,000 pepperonis over three years. Now, instead of serving happy customers, Geraci is serving 21 months in prison. Here's hoping the warden recognizes his talents and assigns him to the kitchen instead of the license plate shop!
Miguel Vasquez was a tax preparer in sub...
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