Sunday, June 26, 2011

Michael S. Chaney was Charged for Participating in an Income Tax Refund Scheme


Source- http://springfield.fbi.gov/dojpressrel/pressrel11/si062111.htm

A federal prisoner incarcerated at FCI Greenville was convicted in U.S. District Court on June 21, 2011, for Conspiracy to Commit Mail Fraud and Money Laundering, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today.

Michael S. Chaney, 41, originally from St. Charles, Missouri, pled guilty to a one-count Information. Chaney was charged for participating in an income tax refund scheme where the participants supplied fictitious tax returns and bogus IRS Forms W-2 to numerous state taxing authorities to falsely claim that inmates—and inmates’ friends and family members—had earned income in those states and overpaid their state income taxes, thereby entitling them to a tax refund. Chaney personally completed fraudulent tax returns to nine (9) different state taxing authorities which resulted in those states being defrauded out of $152,893. An individual outside of the prison opened multiple bank accounts to receive the fraudulent refunds, which helped conceal the existence of the scheme as well as the identity of the coconspirators. Chaney used money obtained from the tax refund scheme to purchase marijuana that was smuggled into the prison during visitation and resold for a profit.

At his sentencing, which has not yet been set by the District Court, Chaney faces up to an additional five years’ imprisonment, a fine of up to $250,000, and three years’ Supervised Release.


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Report IRS Tax Fraud by Calling 1-888-482-6825 or by visiting
www.irsrewards.com 
 

1 comment:

Susan Dan said...

this have very info about income tax refund scheme where the participants supplied fictitious tax returns.





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