Posted on November 23, 2014
Michael Cohn, writing for Accounting Today For The Web, gives us the skinny on a U.S. CPA who used his insider expertise and professional skills to evade taxes and launder his own money. The scheme lasted several years but in the end the accused was convicted and his assets were seized. He preferred to convert and conceal his laundered money in the form of gold coins. This is a great example of why the 'criminalized professional' is such an asset for organized crime groups and those involved in corruption and bribery. All the big fraud and money laundering schemes will invariably involve a criminal professional such as an accountant, lawyer,or banker.