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  • $4 billion: Bogus tax refunds a growing problem

    04/10/2014 2:54:43 PM PDT · by posterchild · 8 replies
    AP via finance.yahoo.com ^ | Apr 10, 2014 | Eric Tucker
    WASHINGTON (AP) -- An Internet connection and a bunch of stolen identities are all it takes for crooks to collect billions of dollars in bogus federal tax refunds. And the scam is proving too pervasive to stop. A government report in November said the IRS issued $4 billion in fraudulent tax refunds over the previous year to criminals who were using other people's personal information. Attorney General Eric Holder said this week that the "scale, scope and execution of these fraud schemes" has grown substantially and the Justice Department in the past year has charged 880 people. Who's involved? In...