Tax Crime Junkies
Hey there, Tax Crime Junkies! For those of you who are new to our show, Tax Crime Junkies is the true crime podcast that combines our love of taxes and crime, and we’re here to bring you the inside scoop on some of the most fascinating tax-related cases out there. As tax experts and practitioners ourselves, Dom and Tom are uniquely qualified to uncover the most intricate details of these cases, and we’re not afraid to go deep. We know the ins and outs of the tax system, and we’re passionate about bringing our knowledge to you, our devoted listeners. From embezzlement and fraud to money laundering and more, we’ve covered some of the most shocking tax crimes out there. We’ve talked to experts, lawyers, and even some of the criminals themselves to get a better understanding of what drives people to commit these crimes and how they get away with it for so long. But we’re not just here to entertain you with tales of tax crime. We’re also dedicated to educating our listeners about the importance of proper tax compliance and helping business owners avoid making costly mistakes that could land them in hot water with the IRS. So whether you’re a true crime buff, a tax professional, or just someone who wants to learn more about the seedy underbelly of the tax world, Tax Crime Junkies has something for you. So keep tuning in, keep spreading the word, and keep those five-star reviews coming! Thanks for listening!
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Episodes
Friday Feb 24, 2023
Friday Feb 24, 2023
Today’s episode reveals that Julie and Todd Chrisley, a couple with a successful TV show, lived a lavish lifestyle using loans they took out illegally from banks. They defrauded banks by creating fake documents and claiming to have money in other banks. They spent about 36 million dollars on luxury trips, hotels, wear, and apartments. Whenever a loan was due, they would defraud another bank and use the loan to pay back the previous one. Todd eventually filed for bankruptcy, walking away from about 20 million dollars in loans. Additionally, the couple failed to pay taxes owed from 2009 and 2013-2016 by registering their company under different names and creating false documents.
Talking Points:
Asset Management real estate firm between couple and third party Mark Braddock to manage and sold foreclosed properties and earned millions
Created fabricated bank documents as early as 2007 to obtain loans from community banks
Emails obtained by the FBI revealed their fraudulent activities
We also discuss the legality of Income Shifting
The Chrisley’s received their pay from their asset management company
They split the money and sent it to Chrisley and Company to avoid taxes
The assignment of income doctrine holds that a taxpayer may not avoid tax by assigning the right to income to another
Misuse of Funds
Chrisleys spent money on travel, properties, clothes, and luxury items
Repeated loan frauds to pay back loans due
Targeted Georgian community banks because it made the loan frauds easier
Chrisley’s had financial difficulties and became insolvent
Todd filed for bankruptcy and walked away from 20 million dollars total loans
Mark and the Chrisleys ended their partnership right before the lawsuit in 2012
SODDI Defense
Chrisleys claimed Mark Braddock was responsible for all the fraud that’s coming up in court
Mark got immunity for cooperating with the FBI and IRS
Emails showed Todd gave express instructions to Mark to use the accountant's stationary and signature
Todd and Julie's company, 7Cs Productions
Todd and Julie's control over the company
The couple's tax default in 2009
Listing Julie as the sole owner to evade IRS liens
False tax filings and evasion
Filing as married filing separately
False tax filings in 2011-2013
Collection status and Todd's bankruptcy proceedings
Hiring accountant Tarantino
Fabrication of documents and further tax evasion
Warning from Tarantino about IRS investigation
Fabrication of documents to make Julie's mother the sole owner of 7Cs Productions
Creation of new bank account for 7Cs to evade taxes
Todd's audacious claim on radio interview
Continued borrowing and false representations
The Chrisleys' borrowing activities
Loan taken out in March 2017
False statements to IRS Revenue Officer
Filing of false tax returns by Tarantino
Friday Feb 24, 2023
Friday Feb 24, 2023
Join us today as we dive deep into the Ernst & Young case that is costing them 100m dollars! We unpack the court case and how CPAs at Ernst & Young were cheating on their exams for over a decade! We also introduce ourselves, our vision, and what we hope to accomplish through the launching of this podcast! Tune in now!
Talking Points:
CPA Exams
Ethics
Cover-Ups
Crimes Committed
Advice on how to avoid this
Houston Astros Cheating Connection
Integrity in our business
Much More
Meet the Tax Crime Junkies!
Dominique Molina is a CPA, speaker and teacher, leader of the American Institute of Certified Tax Planners, has a law degree and a real interest in true crime.
Tom Gorczynski is an EA, speaker and teacher, and admitted to practice in Federal Tax Court (USTCP). One might say Tom has an amateur education in avoiding murder from his love of true crime.
We decided to combine our love of tax and crime to bring you stories of greed, envy, and just plain stupidity in the creation of Tax Crime Junkies. Join us each week as we bring you more tales of white collar crime and the loopholes that went left.