Haunted House Owner Pleads Guilty to Tax Crime
Department of Justice, 25 June 2021
COLUMBUS, OHIO – David Fachman, 59, of New Albany, Ohio pleaded guilty in U.S. District Court to one count of willful failure to pay over tax to the Internal Revenue Service (IRS).
According to court documents, since at least 1998 Fachman owned and operated The Scarefactory, Inc., a haunted house and special effects supplier in Columbus, Ohio. As the owner, Fachman always maintained financial and administrative control over the business. From at least January 1, 2015 and continuing until in or about December 31, 2018, Fachman withheld and collected the trust fund portion of the employment taxes from his employees’ paychecks but failed to file timely and to remit the payment to the IRS. Scarefactory was required to make deposits of the federal employment taxes to the IRS for all employees on a periodic basis. Fachman had a corporate responsibility to collect, truthfully account for, and pay over business’ payroll taxes and failed to do so. Continue reading “Article: Haunted House Owner Pleads Guilty to Tax Crime”
Stunning Confessions of a Short Seller
Michelle Celarier, 22 June 2021
Anonymous short activist Rota Fortunae profited from put options on Farmland Partners — and now admits the relevant report he authored was riddled with errors.
The proliferation of short activist research in recent years has raised red flags about some of the originality, accuracy, and depth of these works — especially when combined with put options that are timed to coincide with the publication of reports that might send the stocks into a tailspin.
Read Full Article
He promised to turn dirt into gold. He got millions of dollars — and prison time
Amanda Jackson, CNN, 26 April 2021
(CNN) — A Utah man promised investors his business could turn dirt into gold and swindled millions of dollars from them over several years, according to federal officials. Now, he has been sentenced to prison for his role in an $8 million telemarketing fraud scheme.
Marc Tager, 55, is the latest defendant to be sentenced in the scam that started in 2014, according to the Department of Justice. On April 14, he was sentenced to 43 months in federal prison for conspiracy to commit wire and mail fraud, money laundering and possession of a firearm by a convicted felon. Continue reading “Article: He promised to turn dirt into gold. He got millions of dollars — and prison time”
Short-sellers need more transparency, says former SEC commissioner
Ben Ashwell, Corporate Secretary, 26 June 2020
Robert Jackson discusses short-selling, fraud and the role of the commission
Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers.
Read full article.
Russian Mafiya Red-Handed in Extensive Crime Ring
RED MAFIYA: How the Russian Mob Has Invaded America. Robert I. Friedman. Little, Brown. $25.95. 269 pp.
Guess where the second-largest American collection of Russian mobsters outside of Brighton Beach, Brooklyn, lives? That’s right: the land of leche and EliM-an — Miami.
Read Full Article