Todd Chrisley and his wife, Julie, are back in the public eye after a surprising turn of events. The former reality TV stars, known for their show, were released from federal prison. This happened after a presidential pardon. The couple had been serving time for serious charges. The Chrisleys were found guilty of tax evasion and fraud. They had tricked banks int...
On a Wednesday, the former president, Donald Trump, signed off on pardons for Todd and Julie Chrisley. This move allowed the reality TV stars to walk free from their federal prison sentences. The couple, known for their show "Chrisley Knows Best, " had been behind bars since their 2022 convictions for bank fraud and tax evasion. Todd was released from a minimum-secur...
The future of DOGE might be unclear, but one thing is for sure: there are ways to tackle waste in Washington. There are already programs in place to fight fraud. These programs have been successful in recovering billions of dollars for the government. The IRS, SEC, and other agencies run these programs. They rely on whistleblowers to come forward with information. ...
Picture this: a top-notch lawyer, known for his work before the Supreme Court, suddenly finds himself in hot water, facing federal charges. He's also a skilled poker player. He allegedly tried to hide millions of dollars in cryptocurrency during a tax evasion investigation. Prosecutors claim that the lawyer was trying to influence witnesses and potentially flee the ...
Meet Frank III, an Austin, Texas man with a bitcoin investment side hustle. He started buying bitcoins in 2011 and really hit the jackpot in 2015 when he bought over a thousand. By 2017, he sold some and made a cool $3. 7 million, which he used to buy a new home in Utah. The problem? He didn't want to share his profits with Uncle Sam, so he tried to hide it all. His ...
Nobel laureate Paul Krugman was not a fan of cryptocurrencies back in 2019. He saw their future as dim. But even he couldn't deny that cryptocurrencies are big players today. They've changed how we think about money and finance. Governments are watching closely, trying to keep up with these digital coins. One big worry is how much energy cryptocurrencies use. They n...
Imagine this: a high-ranking university official, who's supposed to promote well-being, is accused of not paying over a million dollars in taxes. This isn't a movie plot, but a real situation involving Mari Ross-Alexander, the former Associate Vice President for Student Health and Well-Being at the University of South Carolina. Let's rewind a bit. Mari started her r...
Are you a crypto trader? The US government is about to make your life a little different. The Treasury Department and IRS have rolled out new rules that will change how cryptocurrency exchanges operate, especially when it comes to taxes. From now on, if you use a centralized exchange like Coinbase, you'll get a form called 1099-DA. This is basically the crypto versio...
Starting in 2026, the Treasury Department in the U.S. will make it mandatory for crypto exchanges like Coinbase to disclose the details of user transactions to the Internal Revenue Service (IRS). This move is aimed at reducing tax evasion through cryptocurrencies. Think of it like a report card that crypto investors will get every year, similar to what stock investor...
Imagine this – a yoga business mogul, Gregory Gumucio, 63, from Colorado, admitted to not paying over $2.5 million in taxes! This happened during a plea hearing at a New York federal court. Gumucio's yoga studio chain, known as "Yoga to the People," brought in loads of money – around $20 million in revenue! But he didn’t share this wealth with Uncle Sam from 2012 to ...