The principals behind a timeshare consulting venture that opened a Nashville office last year have gone on trial in New Jersey after being indicted on a variety of fraud charges that resulted in about $2.6 million in losses. The sad irony: In announcing their Nashville move last September, the VO Group team said they specialize in working with people "who are the victims of fraud and misrepresentation."
A Whites Creek man has been charged with tax fraud and linked to a national scheme that Department of Justice investigators say cost taxpayers $120 million. In a statement Tuesday, DOJ officials said David Clum Jr. was one of seven people who filed almost 400 false tax returns and put on seminars in Florida and Tennessee to recruit clients. Clum, who has not yet been arraigned, faces up to 215 years in prison if convicted.
According to the indictment, the false return scheme was national in scope, causing the filing of tax returns for at least 180 clients from 30 different states, requesting more than $120 million worth of fraudulent tax refunds. The indictment alleges that the defendants and clients of the scheme collectively filed more than 380 tax returns, mostly from tax year 2008 but also for other tax years, reporting the amount of their personal debt obligations as both income and as federal tax withholding.