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Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah - TL;DR CNBC

Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah

Publishing timestamp: 2024-06-07 17:19:52


Summary

A former IRS employee in Utah was indicted for trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting funds using a taxpayer database he had access to. The employee created an entity to receive the funds and tried to deposit a U.S. Treasury check at multiple credit union locations.


Sentiment: NEGATIVE

Tickers: XOM

Keywords: businesspoliticsutahlawscredit unionsbusiness newstaxescrimebreaking news: politicsgovernment taxation and revenuefraud and false statementsinternal revenue serviceexxon mobil corpoil and gas

Source: https://www.cnbc.com/2024/06/07/irs-employee-charged-in-exxon-mobil-tax-credit-theft-bid.html


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