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Detailed text transcripts for TV channel - CNN - 20100719:14:47:00

reporter: tax forms and addresses with social security numbers and birth dates and cheat sheets for filling out returns. that was december of 2006. what was stumbled upon was a lucrative income tax fraud scheme run by inmates at the monroe county jail near key west. before they were busted, they filed for more than $1 million in tax refunds involving half of the jail population. they would go to other inmates and suggest to an inmate, i can get you 45 a in a tax return. reporter: in some cases with help from friends and family, they would fill out a 1040 ez form and fill out another form with the names of business is that didn t exist and income they never earned. the 4882 is a stub stut used when an employer doesn t provide

Detailed text transcripts for TV channel - CNN - 20100719:11:27:00

additional items were underneath the bunk. reporter: the items tax forms, an address book with social security numbers, birthdays and cheat sheets for filling out returns. that was december of 2006. what linback had stumbled upon was a lucrative income tax fraud scheme run by inmates at the monroe county jail near key west. before they were busted, the inmates filed for more than $1 million in tax refunds involving half the jail population. but what they would do is go to other inmates and suggest to an inmate, i can get you $4,500 in a tax return, it will cost you $500. reporter: in some cases, with the help of friends and family, the prisoners would fill out the 1040-ez short form, then attach the form with the names of businesses that didn t exist, and income they never earned. the 4852 is a substitute used when an employer doesn t provide a w-2. the additional investigation was

Detailed text transcripts for TV channel - CNN - 20100417:20:15:00

sachs, charged with civil fraud in connection with its subprime mortgages. the securities exchange commission alleges the investment firm defrauded investors by selling securities to one group while letting another bet against them. the firm calls the charges, quote, completely unfounded. tax payers already cover their room and board, turns out the irs has been paying prisoners too. cnn s john zarrella looks at a tax scheme that has raked in millions. reporter: just a routine search of a jail cell. officer mark lindhback didn t expect to find much. after the inmates exited the cell, went over, basic, pulled up the mattress, had some items on his mattress, additional items underneath the bunk. reporter: the items, tax form and address book with social security numbers, birth dates and cheat sheets for filling out returns. that was december of 2006. what lindhback had stumbled upon was a lucrative income tax fraud

Detailed text transcripts for TV channel - CNN - 20100415:10:26:00

know this is going on and aren t stopping it. reporter: yeah, kiran and john, this was a really big day down in key west, florida. most of the inmates had filed for returns and refunds, even though they hadn t worked in years. are just a routine search of a jail cell, officer mark lynnback didn t expect to find much. after the inmates exit the cell, went over, basic pulled up the mattress. he had some of the items under his mattress, additional items p underneath the bunk. reporter: the items, tax forms and address books with social security numbers and birth dates and cheat sheets for filling out returns. that was december of 2006. what he had stumbled upon was a lucrative income tax fraud scheme run by inmates at monroe county jail near key west. before they were busted, they

Detailed text transcripts for TV channel - CNN - 20100720:00:52:15

Detailed text transcripts for TV channel - CNN - 20100720:00:52:15
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