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Law firm gofer embezzles $1 mil. from work,so now owes IRS $1 mil.+

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Algorem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 05:22 AM
Original message
Law firm gofer embezzles $1 mil. from work,so now owes IRS $1 mil.+
http://www.cleveland.com/news/plaindealer/index.ssf?/ba...

Wednesday, July 20, 2005

...Garrett, 40, worked for a law firm, running errands for the firm's lawyers and picking up lunch - sometimes catered for conferences. All sides refused to name the firm where Garrett worked, but said he had access to the firm's supply of petty cash.

Between 1998 and 2002, Garrett submitted phony receipts for expenses and lunch purchases he never made. Altogether, Garrett embezzled more than $1 million...

He deposited it in an investment account, and when the company discovered Garrett's crime, he paid it all back plus interest...

He also will have to pay back taxes to the IRS which, because of penalties and interest, will probably exceed $1 million...

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baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 06:49 AM
Response to Original message
1. The IRS doesn't care how you make your money.
Remember: tax evasion is what they got Al Capone on.
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 07:57 AM
Response to Original message
2. A "gofer" overstates expenses by $200k/year and nobody notices???
I could use a job like that...
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-20-05 08:02 AM
Response to Original message
3. A good tax lawyer...
...could have that defined as a "loan" because he did pay it back with interest. Loans are not taxable as income. Problem solved.
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