Fake IRS Employees Scammed Victims Out of Nearly $9 Million, Officials Say

Apr 27, 2017

Authorities arrested eight people for impersonating IRS employees over the phone and telling victims wire them money for "back taxes."

The people involved defrauded over 7,000 people of nearly $8.8 million, according to a statement from the Department of the Treasury, by convincing victims to wire them money using services like MoneyGram. The IRS impersonators would allegedly threaten arrest or use other forms of intimidation to get people to send the money, court documents said.

“Over the past three years, this scam has resulted in reported taxpayer losses of more than $55 million," said J. Russell George, Treasury Inspector General for Tax Administration (TIGTA), in the statement. “The scammers are relentless and so are we...Our investigators will not rest until we have brought those responsible for this scheme to justice.”

Read More: This Is What an IRS Scam Phone Call Sounds Like

The arrests took place in Miami, Fl. on April 25, and the indictments took place in Arkansas and Mississippi courts. Two other people involved in the fraud were arrested last year.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions