A Virginia man who swindled others by claiming to beat the stock market every day despite huge losses has been sentenced to prison for tax crimes and a wire fraud scheme.
Rick Tariq Rahim, of Great Falls, was sentenced to 78 months in prison. He also agreed to forfeit more than $1.3 million and must pay restitution to the IRS and to his investment fraud victims.
Rahim has not filed a personal income tax return since 2012 despite earning more than $34 million in gross income. In total, Rahim caused a loss to the IRS of at least $4.4 million…