An agent of the Treasury Inspector General for Tax Administration has been indicted on seven counts of bank fraud and related charges, according to the Justice Department.According to the indictment, between March 1999 and August 2000, Special Agent John Thomas Jr. conspired with others to fraudulently obtain more than $100,000 in loans from a trio of banks in Jacksonville, Fla. He obtained loans from each bank in the name of computer service provider Zan Tan Man Enterprises, which prosecutors say had no revenues, no experience in the computer field and no employees. If convicted on all charges, Thomas could be sentenced to a maximum term of 185 years in prison and a fine of up to $6.25 million.
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The Digital Business Networks Alliance, a Federal Reserve-sponsored group, announced the first successful transmission of an electronic invoice.
March 27 -
Besides a negative outlook on work-life balance, comp and career development questions are driving people away from the auditing profession.
March 27 -
Does your job primarily involve data entry and routine processes? If so, it may be time for a pivot.
March 27 -
Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?
March 27 -
The jobs that will become a lot less common in accounting in the future are those that involve the inputting and manipulation of data for routine and repeatable tasks.
March 27 -
An employee stock ownership plan may be the answer as the accounting profession faces a talent shortage.
March 27