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April 21, 2025 ¡ª Marc H. Silverman, Acting United States Attorney for the District of Connecticut, announced that Alexander Kolitsas of Wolcott, was sentenced today by U.S. District Judge Sarala V. Nagala in Hartford to 60 months of imprisonment, followed by two years of supervised release, for operating a catalytic converter theft and trafficking ring. Judge Nagala also ordered Kolitsas to pay a $50,000 fine.

April 23, 2025 ¡ª A Pontiac man has pleaded guilty to committing aggravated identity theft and wire fraud as part of large-scale, multi-state Unemployment Insurance benefit fraud scheme in which he and co-conspirators fraudulently obtained debit cards loaded with more than $4 million in Pandemic Unemployment Assistance funds, Acting United States Attorney Julie A. Beck announced today.

May 20, 2022 ¡ª Acting U.S. Attorney Michelle M. Baeppler announced that John George Medas of North Royalton, Ohio, was sentenced today by U.S. District Judge Sara Lioi to 24 months in prison and ordered to pay $562,505,13 in restitution. Medas previously pleaded guilty to failure to pay over taxes from employees and embezzling from his employees¡¯ healthcare plan.

May 23, 2025 ¡ª Kimberly Lovitt, of Pace, Florida, and Amy Williams, of Milton, Florida, were sentenced to 36 months and 18 months, respectively, in federal prison on charges of wire fraud, money laundering, and filing false tax returns stemming from their embezzlement of funds from their employer. Michelle Spaven, Acting United States Attorney for the Northern District of Florida, announced the sentences.

June 20, 2025 ¡ª Following an eight-day jury trial resulting in his conviction on mail fraud, wire fraud, and income tax evasion charges, the Honorable U.S. District Judge Maryellen Noreika sentenced Robert L. Higgins on June 17, 2025, to the statutory maximum term of 65 years in federal prison, announced Dylan J. Steinberg, Acting U.S. Attorney for the District of Delaware.

The Inflation Reduction Act of 2022 established a stock repurchase excise tax under section 4501 equal to 1% of the fair market value (FMV) of stock repurchased during the tax year by certain publicly traded corporations or their specified affiliates, effective for repurchases occurring after 2022. Use Form 7208, Excise Tax on Repurchase of Corporate Stock, to figure the excise tax on stock repurchases.

The Inflation Reduction Act of 2022 established a stock repurchase excise tax under section 4501 equal to 1% of the fair market value (FMV) of stock repurchased during the tax year by certain publicly traded corporations or their specified affiliates, effective for repurchases occurring after 2022. Use Form 7208, Excise Tax on Repurchase of Corporate Stock, to figure the excise tax on stock repurchases.

May 12, 2025 ¡ª Marc H. Silverman, Acting United States Attorney for the District of Connecticut, today announced that on May 9, 2025, Yasir G. Hamed, of Woodbridge, waived his right to be indicted and pleaded guilty before U.S. District Judge Stefan R. Underhill in Bridgeport to offenses stemming from a scheme to defraud a COVID-19 pandemic relief program of more than $2.3 million.

July 30, 2024 ¡ª Alabama State Representative John Rogers was sentenced today to 13 months in prison for his role in the scheme to defraud the Jefferson County Community Service Fund, announced U.S. Attorney Prim F. Escalona, Federal Bureau of Investigation Special Agent in Charge Carlton L. Peeples, and Internal Revenue Service, Criminal Investigation Acting Special Agent in Charge Demetrius Hardeman.

Jan. 19, 2024 ¡ª David Scott Cacchione was arrested and has been charged by criminal complaint with conspiring to commit wire fraud in connection with an investment fraud scheme, announced United States Attorney Ismail J. Ramsey, IRS Criminal Investigation (CI) Oakland Field Office Acting Special Agent in Charge Michael Mosley, and Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp.