Monday, October 3, 2011

55 indicted in alleged $250-million tax fraud scheme

A federal grand jury has indicted 55 people in San Bernardino County in connection with an alleged tax fraud scheme involving the filing of false income tax returns seeking more than $250 million in bogus refunds, authorities said Monday.

Many of the defendants are charged with conspiracy to defraud the United States and face a maximum sentence of 10 years in prison if convicted.

Others are accused of making false claims against the United States, with a maximum sentence of five years.

The IRS investigation centered on two companies: Old Quest Foundation in Fontana and De la Fuente and Ramirez and Associates in Rancho Cucamonga.

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