Associated Press via Las Vegas Sun:
LOS ANGELES — Rampant fraud within California’s recycling redemption program is costing the state millions of dollars, as scammers drive trucks full of cans across the border from Nevada and Arizona to collect nickels on deposits that were never paid.
California recyclers also are claiming redemptions for the same containers several times, or for containers that never existed, according to an investigation by the Los Angeles Times.
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From Vegas Inc:
For at least the third time, Las Vegas-based casino supplier Galaxy Gaming Inc. or its CEO have been sued over allegations they hid assets to avoid paying debts owed to creditors.
Bank of America filed suit last week in Clark County District Court in Las Vegas against Galaxy Gaming and a trust named for the Galaxy CEO’s teenage daughter, asserting fraudulent transfer claims.
The suit was filed as the bank tries to collect on what it alleges is a defaulted loan with a balance of $1.183 million as of Aug. 2.
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Market Watch (The Wall Street Journal)
IRS tax credits make tempting fraud targets
Within the past month, the Treasury Inspector General for Tax Administration (TIGTA) has released two reports revealing billions of dollars of tax fraud by criminals using identity theft and fake identities.
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