The IRS Criminal Investigation unit has a more than 98% conviction rate for pandemic-related crimes, a senior IRS criminal investigation official said Monday.
By the end of fiscal year 2023, the unit investigated 1,444 tax and money-laundering cases related to the Covid-19 pandemic, with close to 700 indictments. The estimated fraud loss was $8.8 billion, according to the 2023 annual report.
The average sentence for the close to 300 cases that made it to the judicial system is about 36 months, said James Lee, chief of IRS Criminal Investigation. “Telling you, the federal judges back home do not ...
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