Tax Refund Scam, 14 Indicted

more+
less-

In what is shaping up to be the biggest tax refund fraud case in Missouri, 14 individuals from across the country have been indicted for allegedly cheating the IRS of millions of dollars in false tax claims. In her comments on the case, US Attorney Beth Philips said, “Kansas City was the hub of a nationwide conspiracy that attempted to receive nearly $100 million in fraudulent tax refunds”. The alleged leader of the scheme hails from Kansas City and was identified as Gerald A. Poynter II, also known as ‘Brother Jerry Love’.

Assistant US Attorney Dan Nelson described Poynter’s alleged role as the “center hub and spoke” of the fraudulent scheme that spanned the nation. The indictment revealed the modus operandi in the conspiracy. It stated that Poynter and his associates would bring in taxpayers who wished to reduce their tax obligations, promising them a way to do so if they agreed to allow Poynter to prepare their tax returns for them. Naturally, many agreed to this proposal.

Upon being hired, Poynter and his associates would allegedly prepare these tax returns as though they were owed large amounts in refunds from taxes withheld from interest income. Sometimes, these refund claims could reach up to a million dollars. Then the conspirators would file the returns as though the taxpayer themselves had filed them, while in the meantime submit false papers substantiating the refund claims.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

The Law Offices of Darrin Mish, P.A. on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×