Sunday, March 31, 2013

NBC Special Report - Identity Theft On The Rise

Identity Theft on the Rise



More lucrative than selling cocaine, identity thieves can easily file taxes and make money from other's returns without the stress and complications of a drug deal.

NBC Correspondent: "It has happend almost 1 million times this past year."

Tampa, FL Police Investigator: "I had a drug trafficking offender tell me that he could make $5,000 to $10,000 for a kilo or two of cocaine. He can submit ten tax returns a day and make between $40,000 and $50,000 and watch cartoons."

Beth Tucker, IRS: "Last tax filing season we stopped $20 Billion in fake returns."


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Here is the US Taxpayer Guide to Identity Theft