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File under: No such thing as a free lunch

by on
in Small Business Tax,Small Business Tax Deduction Strategies

A Palatine man has been charged with theft by deception after he failed to report that the telecommunications company Avaya, based in New Jersey, had deposited paychecks totaling $469,000 into his checking account, despite the fact that he never worked there.

Anthony Armatys accepted a job with Avaya in 2002, but changed his mind and withdrew the application before his start date.

But Armatys already was entered into the company’s payroll system. For five years Avaya deposited checks into his bank accounts. Armatys even participated in the company’s retirement plan, making contributions to an account administered by Fidelity Investments. When he called Fidelity to arrange a withdrawal, he identified himself as an Avaya employee.

That triggered an 11-month investigation that led to Armatys’ arrest.

Note:
Audit, anyone?

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