A federal judge has reopened Donald Trump’s $10bn case against the Internal Revenue Service (IRS), after receiving a third-party motion asserting that the settlement, which lacks detail, “is a product of collusion and is itself a fraud on the court”.
The ruling, issued by the Miami judge Kathleen Williams, revives a lawsuit brought by the president and his sons against the IRS after their personal and business tax returns were leaked by a former contractor.
Trump dropped the lawsuit last week and Todd Blanche, the acting attorney general who was formerly Trump’s personal defense lawyer, announced that, in exchange, the US was “forever barred” from auditing the tax returns of Trump family members. The justice department also unveiled a controversial $1.8bn fund to compensate people who claim they are victims of the federal government.
The “anti-weaponization” fund has been widely…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.