A massive tax refund scam has been uncovered in Montgomery, Alabama, with Larreka Jackson at the center of it all.
According to a 25-count indictment, Jackson, the owner of tax preparation business It’s Tax Time, conspired to file false tax returns using stolen identities, filing false claims, wire fraud and aggravated identity theft.
It’s alleged that Jackson used her business as a front to obtain the names and Social Security numbers of actual persons and file false tax returns using those names, directing the fraudulent tax refund to bank accounts controlled by her and her co-conspirators.
The indictment claims that Jackson filed over 500 tax returns, claiming a staggering $2.8 million in fraudulent tax refunds.
An indictment merely alleges that crimes have been committed, and the defendant is presumed innocent until proven guilty beyond a reasonable doubt. If convicted, Jackson faces a maximum potential penalty of 10 years in prison for the conspiracy to file false claims, 5 years for each false claim count, 20 years for each wire fraud count and a mandatory 2-year sentence for the aggravated identity theft counts.
She is also subject to fines and mandatory restitution if convicted. The case was investigated by special agents of IRS – Criminal Investigation, with Trial Attorneys Jason H. Poole and Michael Boteler of the Justice Department’s Tax Division and Assistant U.S. Attorney Todd Brown prosecuting the case.
Additional information about the Tax Division’s enforcement efforts may be found at www.justice.gov/tax.
This is a developing story, and we will provide updates as more information becomes available.
RELATED: Kauai Fraudster Gets 17 Years for Massive Identity Theft
RELATED: GotPrint Controller Swiped $2.8M, Gets 7+ Years
Related Federal Cases
Key Facts
- State: Federal
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News