A recent article in the Chicago Sun-Times (original article can be found at this link) noted that an accountant helped to file fraudulent tax returns (perhaps 99% of the returns he completed!) and illegally saved at least $3.5 million in taxes for his clients, in addition to cheating on over $200,000 on his own tax returns.
He named his firm ‘Richman Tax Solutions’ and will likely face deportation once he completes his prison sentence – he emigrated from the Philippines many years ago.
The real kicker? His name is Ray Dumdum (no lie).
As usual, if you hear about a ‘too good to be true’ tax plan, it probably is a scam so beware!
Thomas C. Hodge, CPA
The Hodge Group
3040 N. Menard Avenue
Chicago, IL 60634