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IR-2024-309, Dec. 10, 2024 ¡ª The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act.

A former Morgan Stanley financial advisor in El Paso was sentenced in a federal court today to 144 months in prison for committing a multi-million dollar fraud scheme.

May 28, 2024 ¡ª An Israeli man today admitted conspiring with Eliyahu "Eli" Weinstein, whose 24-year federal prison sentence was commuted after being twice convicted of defrauding investors of a total of $230 million, and others to defraud investors of more than $35 million in a new fraud scheme, and to conspiring to engage in money laundering and obstruct justice, U.S. Attorney Philip R. Sellinger announced.

Sept. 12, 2024 ¡ª A Providence man has admitted to a federal judge that he participated in an international fraud scheme to defraud the federally-funded pandemic unemployment compensation program of more than $70,000, and to defraud an Alabama-based property title company of an additional $80,000, announced United States Attorney Zachary A. Cunha.

IR-2023-246, Dec. 20, 2023 ¡ª The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law beginning in 2023.

July 23, 2024 ¡ª The Justice Department has reached an agreement with ¡°Jasmine¡± Loo Ai Swan (Loo), the former general counsel of 1Malaysia Development Berhad (1MDB), Malaysia¡¯s sovereign investment development fund, to recover artwork by Pablo Picasso and a financial account in Switzerland traced to funds allegedly embezzled from 1MDB.

Press releases published by IRS Criminal Investigation in August 2022.

May 13, 2022 ¡ª Carl Delano Torjagbo, aka Karl Lucius Delano, has been arrested on federal bank fraud and money laundering charges arising from a scheme to defraud a bank by obtaining a $9.5 million Paycheck Protection Program ("PPP") loan in the name of a fictitious company and then allegedly using the loan proceeds to upgrade his personal lifestyle. The PPP is a federal loan program intended to help small businesses survive the COVID-19 pandemic by providing them with funds to cover certain payroll costs, including benefits, interest on mortgages, rent, and utilities.

IR-2022-04, January 7, 2022 ¡ª Internal Revenue Service Criminal Investigation (IRS-CI) began counting down the top 10 cases for calendar year 2021 on its Twitter account on January 3.

May 2, 2023 ¡ª A Louisiana man was sentenced today to 10 years in prison for money laundering in connection with a fraudulent scheme to obtain more than $1.1 million in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program loans.