Related Federal Cases
Buffalo Woman Gets Prison Time for Loan Scam
A 39-year-old Buffalo woman has pleaded guilty to submitting fraudulent loan documents to obtain two automobile loans. Tamara Ward, a resident of Buffalo, NY, admitted to providing false information on the loan applications, stating she was employed by the Internal Revenue Service (IRS) and earning an annual salary of $50,000.
According to Assistant U.S. Attorney Russell T. Ippolito, Jr., Ward applied for the loans and provided false information on each application. She falsely represented that she was employed by the IRS, which is a serious offense. Ward has never been employed by the IRS.
The investigation into Ward’s activities was led by the Treasury Inspector General for Tax Administration (TIGTA), Office of Investigations, under the supervision of Special Agent in Charge, Robert E. O’Malley. The case is a reminder of the importance of being truthful when applying for loans and the consequences of providing false information.
As part of her plea, Ward agreed to forfeit any interest she had in the proceeds of the sale of one of the automobiles she fraudulently purchased. She also agreed to make restitution in the amount of $1,460.15 for the second automobile.
The charges against Ward carry a maximum penalty of two years in prison and a $200,000 fine. Sentencing is scheduled for July 29, 2016, before U.S. Magistrate Judge Jeremiah J. McCarthy.
This case is a clear example of the consequences of financial fraud and the importance of honest dealings. The Grimy Times will continue to monitor this case and bring you updates as more information becomes available.
Contact: Barbara Burns, (716) 843-5817, or (716) 551-3051 for more information on this case.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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