A father and son in were convicted in a multimillion-dollar scheme in which they cashed winning lottery tickets on behalf of the ticket holders to avoid taxes and receive tax refunds. Ali Jaafar, 63, and Yousef Jaafar, 29, were found guilty by a federal jury on Friday on several tax evasion and money laundering charges, according to the Investigators said the Jaafars conspired with others to purchase winning lottery tickets from actual winners for cash, at a discount that was typically between 10-20 percent of each ticket's value, which allowed the ticket holders to avoid reporting the winnings on their tax returns – a scheme commonly known as '10-percenting.'
Load More
Load More