Individual Case Studies

IRS Declined to Recommend Prosecution:

The home and office of a husband and wife business owners were raided by IRS CI based on allegations made by a disgruntled employee. The employee alleged all sorts of wrong doing within the company. The search warrant netted hundreds of boxes of records. The investigating agent chose to conduct the investigation by use of the specific item instead of indirect methods - Net Worth, Bank Deposits or Expenditure. The investigation lasted 4 years. Sage was hired by the attorneys representing the individuals and reconstructed their income and reconciled their returns to their books and records. Sage accessed the records seized by the IRS and scanned the meaningful records and organized them for further review. RESULT: Sage rendered its findings to the attorneys and after two years of waiting by the taxpayer IRS declined to recommend prosecution.

 

Alleged Structuring by Bar Owner Dismissed:

Bar owners in Texas were charged with structuring and conspiracy by the federal prosecutor and IRS CI. One of the bar owners because of the deposits to his bank account was identified by the IRS and he and his brothers were indicted on violations of Title 31 Structuring and Title 18 Conspiracy. The structuring charge was the result of his depositing just under $10,000 to his company bank account daily over a period of months. Conspiracy was charged because he and his brothers operated other bars in the past with similar deposits but an overt act was not alleged in the indictment. Sage was hired to assist their attorney, so Sage reviewed the accounting records down to the cash register tapes and found that the combined revenue for the nights being charged in the indictment were just under $10,000 on each day. During discovery Sage assisted the attorney on the case and reviewed records to which the government requested be stipulated into evidence. Sage identified the meaningful records to be less than an inch thick out of the one foot thick pile of documents. In discussion with the attorney, Sage discussed the relevant evidence and they realized that there was no evidence of an overt act of conspiracy. RESULT: The attorney went to the judge and explained what was found and the judge dismissed all charges.

 

International Fraud Scheme Thwarted:

A Spanish woman searched the Internet in defiance of her architect husband and found the Sage Investigation website. Her husband was considering an investment with a man who he had met a short time earlier and was in possession of an assignment of $10 million in US Treasury Bonds signed by David Green and last owned by W. Fourie. Green was the "Father of the David Green Bonds" scam which he started in 1991. W. Fourie participated in the scam and was prosecuted federally in Texas for defrauding individuals out of $5.4 million and received an 18 year sentence for fraud related to the bond scheme. The man soliciting the husband was allegedly using the bonds for collateral for a loan from the Bank of China. After exchanging emails with the Spanish woman, Sage prepared a report with a copy of the David Green Assignment document. She compared the signature on the bond assignment her husband had received with the Sage report and the signatures were exactly alike. RESULTS: She translated the Sage report and gave it to her husband. He reviewed the contents and the bond assignment forms and realized he was being defrauded. He broke off all communications with the fraudster and didn’t lose any assets.

 

Oil and Gas Ponzi Scheme Exposed:

An investor in an oil and gas investment scheme determined that the investment opportunity was actually a Ponzi scheme, and was seeking a receivership to protect what was left of the assets of the company. The investor through civil action was able to obtain bank records that revealed that the investment funds were being spent on personal luxuries and not on oil and gas properties. Sage was retained to forensically examine the records and verified the conclusions of the victim. A court hearing was scheduled and Sage was prepared to testify about the nature of the Ponzi scheme and the flow of investor funds. The Securities and Exchange Commission stepped in and took over the case and filed a Cease and Desist Order closing the company. RESULT: The SEC appointed a receiver and the case is pending.

Client login

Client Secure Login


Please click folder to view and download real time reports, video, photographs, and documents pertaining to your case.

Affiliations

Affiliations

Contact Details

email blog facebook LinedIn YouTube

P.O. Box 160161 • Austin, TX 78716
Phone: 512-659-3179
Fax: 512-328-6878

Newsletter Subscription