Wednesday, June 25, 2008

Just Another Dumb Crook Story


How dumb do you have to be to bribe an IRS agent, well let’s ask Ming Liou, he went to prison for one year because he did.

Ming owned an electronics corporation. He conducted business out of his home. As luck would have it, the IRS came to conduct audits on his corporate and personal returns in 2003.

Liou first offered the auditor a designer handbag claiming it was worth $400. The Auditor did not accept the gift. In the same meeting, Liou mentioned that he was going to have to pay his accountant $5,000 to handle the audit and that he would rather just give the money to the auditor in exchange for her to wrap up the audit quickly and “not to be hard on him”. The IRS agent neither accepted nor rejecdted the offer.

Upon returning to the office, the IRS auditor notified her superiors of the bribe. They had the auditor call Liou back stating she would take the deal; the call was of course recorded. She also wore a wire when she went to Liou’s home to pickup the money. He gave her the purse and $5,000 in cash and asked her not to tell anyone about it and not to deposit the money in the bank.

Liou was arrested and sentenced to a year in prison. He appealed in an attempt to get a lesser sentence and was unsuccessful.

Now I ask you, how stupid are you to mess with the IRS. Guess Mr. Liou has realized the bribery really doesn’t pay!
The following are some IRS articles that will enlighten you on just what they can do.

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