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How Two Men Allegedly Built a $100M IRS Fraud Scheme
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Subscribe21 APR 2026 / ACCOUNTING & TAXES
Between 2018 and 2023, Akinade Raheem from Atlanta and Abayomi Eletu, operating between the UK and Nigeria, allegedly cracked the IRS system using identity theft, fraudulent tax returns, and money laundering to steal over $100 million. The significant case highlighted system vulnerabilities in identity verification and taxpayer data access, pointing to the urgent need for improved security measures in the professional accounting and tax industry.
Think your clients’ Social Security numbers are locked down tighter than Fort Knox? Yeah… about that. Turns out, two guys allegedly cracked the system wide open and went on a $100 million joyride with the IRS. This isn’t your average tax scam. It’s a five...
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