BOSTON – The gritty streets of Dover, Mass. were witness to a federal conviction today as Anthony J. May, 62, an insurance broker, was found guilty by a jury in Boston for his involvement in the filing of fraudulent personal tax returns.
May’s crimes, which occurred over the years 2008 and 2009, saw him dodge $396,554 in income derived from insurance commissions, broker fees, and lease rental payments. The Dover native was the owner and operator of Clients First Financial Insurance Agency, LLC, a brokerage that sold life insurance products, and Advantage Life Settlements, LLC, a service where he helped individuals sell their personal life insurance policies to third-party investors.
Operating from an office suite in Hingham, May also rented space to other independent insurance agents. His scheme was meticulously executed, but his downfall came when the Internal Revenue Service (IRS) cracked down on his fraudulent activities.
The U.S. District Court Judge William G. Young has set October 2, 2017, as the date for sentencing. May now faces up to three years in prison, a year of supervised release, and a fine of $250,000, all at the discretion of the federal district judge based on the U.S. Sentencing Guidelines.
Today’s conviction was announced by Acting United States Attorney William D. Weinreb; Acting Deputy Assistant Attorney General Stuart M. Goldberg from the Justice Department’s Tax Division; and Joel P. Garland, Special Agent in Charge of the IRS Criminal Investigation in Boston. The prosecutors leading the charge were Assistant U.S. Attorney Victor A. Wild from Weinreb’s Economic Crimes Unit and Trial Attorney Eric Powers from the Justice Department’s Tax Division.
The grim tale of Anthony J. May serves as a stark reminder that even those in the financial sector can face the full might of the law when they cross the line into white-collar crime.
Related Federal Cases
- Topsfield Attorney John H. Molloy Jr. Sentenced in Tax Fraud Scheme · Massachusetts
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- Lydia Torres Sentenced in $393K Identity Theft Tax Fraud · Massachusetts
Key Facts
- State: Massachusetts
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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