In 2016, a post was uploaded to Tumblr responding to a post claiming that "there is nothing wrong with Yoshi" by jokingly accusing Yoshi of committing tax fraud, which would become a running gag within Nintendo fan circles, and eventually a meme in 2018 with the bait-and-switch YouTube account SiIvaGunner posting soundtracks from a fake Yoshi Commits Tax Fraud game.

It would be discovered after the meme's peak of popularity that in 2011's Fortune Street, Yoshi is the only character in the game who asks to be exempt from paying taxes when a tax office is built. This means that while Yoshi is not guilty of committing tax fraud, he does attempt to commit tax evasion.

In October 2019, the Nintendo Versus eSports account posted a Super Smash Bros. Ultimate highlight tournament featuring Yoshi, and titled it "This Yoshi is no fraud", seemingly in reference to the meme.

The meme of Yoshi evading his taxes would also inspire the Turnip Boy series of games.

Several unused graphics from Club Penguin: Game Day! and FlingSmash were copied over and accidentally left within the data of Fortune Street. The former two games were developed by Artoon, who were later absorbed into Marvelous AQL, the credited developers of Fortune Street.