Please ensure Javascript is enabled for purposes of website accessibility

Here’s Another Sad Story About a Thief Who Got Dinged By The IRS For Not Reporting Stolen Income

This poor bastard has been sentenced to a year and a day for gyping the IRS out of their chunk of the money he stole from his employer:

[Jeffrey] Scher, a certified public accountant, was employed as the chief financial officer at Bodek and Rhodes, a Philadelphia-based T-shirt wholesaler.  Scher received cash receipts from Bodek and Rhodes’ controller for deposit into Bodek and Rhodes’ bank account.  Instead depositing all of the money into his employer’s bank account, Scher surreptitiously diverted cash receipts belonging to Bodek and Rhodes to his personal bank accounts.

In filing his Federal income tax returns, Scher did not report the cash receipts belonging to Bodek and Rhodes which he converted for his personal use.  Scher was charged with 5 counts of filing a false tax return.

The case was investigated by the Internal Revenue Service Criminal Investigation.

Well it could be worse. When he was charged last year, he faced a maximum possible sentence of 15 years imprisonment, a $1,250,000 fine, three years of supervised release, and a $500 special assessment.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Hiring Watch ’23: The IRS Is Looking For a Few Good Tax Attorneys

With nearly $80 billion allotted over the next 10 years thanks to the Inflation Reduction Act, the IRS is going on a hiring spree to improve its woeful customer service (to taxpayers and tax professionals alike) and technology; wade through the piles of individual, business, and amended paper tax returns that have accumulated over the […]

Your Naughty IRS Employee of the Day

Deena Vang Lee of Fresno, CA, was indicted in April 2019 and charged with wire fraud, aggravated identity theft, aiding and assisting in the preparation and presentation of false and fraudulent tax returns, and making and subscribing false and fraudulent tax returns. She was accused of preparing family and friends’ returns for a fee that […]