Posted on 06/02/2012 3:14:29 PM PDT by WilliamIII
I would love to know what they declared on their IRS returns.....and if they paid taxes on income derived from those humongous pensions and disability checks---(in some states, retirement income is not taxable---but income derived from it is).
L/E needs to determine whether to file (1) criminal tax fraud charges (2) for deliberately misstated income, (3) for filing falsified documents, and, (4) possibly failing to declare and pay taxes on "income interest."
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L/E might also employ Bank Secrecy Laws if the pensioneers' bank accounts were used fraudulently.
REFERENCE Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering and other financial crimes.
“The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities,” the special agent in charge for Internal Revenue Service Criminal Investigation, explained.
NOTE WELL The "Bank Secrecy Act" was passed to protect the public from harm by identifying and detecting criminal enterprises, money laundering, tax evasion or other unlawful activities.
Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity that might be indicative of fraud, tax evasion, money laundering, embezzlement, and other financial crimes.
<><> Joint bank accounts might be used to facilitate the transfer of of govt funds. Govt monies may pay for personal and private expenses, credit cards, real estate sunsidies and vehicle purchases.
<><> To cover their tracks, fake invoices might be created to show that money deposited into accounts was being used for legitimate purposes.
The scheme might be advanced by issuing phony statements of payments from federal and state sources that actually covered the transfer of funds for govt employees own use.
<><> L/E is directed to get ahold of: (1) copies of checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including e-mail, contracts, loan agreements, and, (8) any other books or records. L/E should also explore (a) monies paid to brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.
<><> L/E should scrutinize bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.
<><> Bank records might also show diversions to secret LLC other accounts, to operate personal businesses. Govt fraud can also be facilitated by withdrawals, gift cards purchases, credit card purchases and intrabank transfers from govt accounts into personal accounts.
<><> A huge tipoff is whether bank withdrawals support luxurious lifestyle including payments for real estate, investment and stock holdings, jewelry, luxury vehicles, resort travel and gifts from luxury outlets for wives and mistresses.
O My God~ how could anyone in their right mind do this and sleep at night.
I guess we have a conscience and they don’t.
This is a learned way of living totally void of compassion toward the very people that have paid for all you have and all you will earn in the future.
It should be criminal but our politicians write Laws to protect them then bitch and moan when costs are soering out of control. Who pays? WE DO.
Yeah it seems that retired Firefighter and police have become whipping boys.
As one of these I am not ashamed to take my retirement. I earned it.
I earned it in the middle of the night when most were asleep in their bed with their wives.I earned it picking up shootings and stabbings and sickies and I earned it on Christmas when I was at the Fire Station and everyone else was opening their presents. I earned it during the riots of 68, when I worked 3 days without going home and was eaten alive by the tear gas the police were tossing around like crazy.I earned it in the hospital three times for burns and once for a broken back. I earned it because now I am nearly deaf in my left air from the air horn, I have arthritis in my spine now from the break, and my hands ache when they are cold from the burns. I didn’t go out on disability ,though I could have, I went out straight.
I put in 25 years and I buried a lot of friends and a brother who was also a firefighter, and they died within 10 years of retirement.
I don’t back up to the bank to cash my check.
Now this clown who asked why the Firefighters in the store were wasting government money on steaks doesn’t know WTF he is talking about
I cooked for years at the Firehouse,Here is how it works.The cook decides what he wants to cook, we go to the store and buy it and we split the cost amongst us. The Fire Department doesn’t pay for meals.At least mine didn’t , and I don’t believe any do. The same for the coffee and the newspapers, and the TV. The House Fund buys those things and each Firefighter chips in.Now when I was cook I went to the store the day before assuming duty, and got the food I was going to cook, These companies who are going to the store on the Fire Apparatus are F’ing up. They park out front and it is bad for their public relations.
In general what the Fire department does is a waste. If you call 911 and say your grandmother had a heart attack they also dispatch a fire truck in addition to the ambulance. Why? There is no fire.
Unions, that’s why.
There is no way we can pay firefighters and police enough. You've earned every single dime of your retirement.
Only a small percentage of the uniform wearers are heroes.
You are dead wrong.
The reason they send Fire Apparatus to your Grandmothers is to cut response time to her address. In most big cities the Ambulances are so overloaded with calls that their response times are up to 20 minute and more.
Every Firefighter has to have an EMT card and some Companies carry a Paramedic. The usual response time for Fire Apparatus is less than 5 minutes The Firfighters get there with Oxygen and stabilise your Grandmother while you wait for an ambulance to get loose and respond.
Response time is important in saving your Grandmother’s life. That ambulance may be busy picking up a person with a bloody nose or a small dog bite while your Grandmother is having a heart attack. The fact is that people take advantage of the Ambulance system and that leads to bad response times.
Belive me Unions are not responsible for this and 99% of Firefighters would rather be in the Firehouse than running an ambulance call.
DC Fire Department Engine 10 had 7116 calls in 2005 the year this chart show, 5692 of those were medical calls. That’s about 16 medical calls a day not counting fire calls. If you think those guys are doing it because the Union wants them to you are dead wrong.
http://www.dcfd.com/runs05.htm
Try it sometime working at full tilt for a couple of hours at a fire and then get 15 medical calls.
I’ll have 30 years on the police dept. in a few years and am going to retire. My pension will be based at 60K. Out of that I’ll have to pay 600 a month for health insurance, 1000 a month if my kids are on it.
I’v seen abuse in the pension system, guys padding to get their 3 high years, which they base your pension on.
I have told them that greed will ruin things for all of us. Looks like I may pay the price for the abuse of others.
Oh well, easy come, easy go.
There is no such thing as a hero until that person rises to the occasion.
I have seen about 85% of the Firefighters I worked with black and white rise to those occasions. Some were braver than others,but there were few who did not cut the mustard.
Like in every job there are loads, years ago there were ways of geting rid of those loads. Today it is much harder.
Like in every job there are loads, years ago there were ways of geting rid of those loads. Today it is much harder.
Good point.
Very glad I’m a Federal Government retiree and not a state or local government retiree. Federal pensions are ironclad. State/local pensions are in big trouble in many areas!
It is about time the taxpayers rebelled. Public employee pension plans are outrageous and that includes the pensions received by cops and firemen.
Enough is enough.
Politicians and diplomats trail used car salesmen by several miles.
All of that is immaterial because unless public sector pensions and perks in general are reigned in, cut, reduced, unless public sector unions are fired, unless promotion is based on merit only and double dipping is penalized: we're screwed.
It's that simple.
I'm on record in the past regarding a retired colonel winding up with three active medical insurance/hospitalization plans; none of which was paid out of his pocket.
I think I'm on record decrying the "us versus them" mind set that afflicts every public employee I've ever known, and the "us versus them" entitlement mind set of every union employee I've ever known in either public or private employ.
Nothing personel (honest) but that kind of crap has got to stop or we're going to be Greece on a grand scale and no one in America is prepared for that.
but never teachers, life guards, toll booth union members, etc
No more publicly funded pensions period.
Save your money just like the rest of us. These pensions are going to get cut in any scenario that plays out, and we’re going to hear your whining about it. And you’ll call yourselves Conservatives.
I don’t care for sob stories, and it seems like the rest of private sector workers are sick of hearing ‘I earned it’ crap.
You’re getting a free ride after working far less than the rest of us, and we don’t get any publicly funded pension.
You don’t like it, quit and work in the private sector. You’re not getting sympathy from the majority of us. Go ahead and work while knowing there is no publicly funded pension in your future. It gives a much clearer perpective.
I wouldn't bet on that.
State/local pensions are in big trouble in many areas!
Agreed.
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