Blog Archive: January 2012

  A recent article from Reuters illuminated an interesting dilemma that the IRS is currently facing in reference to what may be the largest example of tax fraud in US history. The alleged fraud involves the improper handling of the transfer of mortgages into and out of a legal entity known as a Real Estate Mortgage Investment Conduit (REMIC), investments which totaled $3 billion in 2010 alone. The IRS allows for special tax treatment of REMICs, exempting the securities created by the REMIC f...

A new and devious spin on an old con was recently uncovered by Israeli security firm Trusteer, makers of the Rapport financial anti-malware package. The con involves using a Trojan horse (such as SpyEye, Zeus, or Carberp) to take control of the victim’s computer in order to discover financial information and login credentials. This basic maneuver has been used for years by hackers to steal money from victims’ accounts, but this new tactic substantially delays the discovery of the fraud, ...