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Resource ID: #19745
Subject: Fraud
Source: CBS News
Affiliation: 
Date: March 2

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Description

CBS investigates fraudulent refunds paid by the Internal Revenue Service to African Americans for the so-called "black investment tax." As many believed the tax was paying reparations for descendants of former slaves, filings more than doubled in less than two years. The story sheds light on the activities of "tax scammer" Vernon James, who helped hundreds of African Americans receive the black investment tax. A major finding, based on a GAO report, is that IRS lacks internal audits and pays out billions of erroneous or fraudulent refunds.

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