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DAVENPORT, IA – Georgia Woman Sentenced to Prison for Money Laundering Involving University of Iowa Employee Identifications
Florence Rosale Julio, a 39-year-old resident of Brunswick, Georgia, has been sentenced to 46 months in prison for her involvement in a scheme to obtain federal tax refunds by fraud using the identification information of dozens of University of Iowa employees.
On Monday, August 23, 2021, United States District Court Judge Rebecca Goodgame Ebinger handed down the sentence, which also includes three years of supervised release following Julio’s imprisonment and a $100 payment to the Crime Victims’ Fund.
According to the investigation, Julio opened bank accounts in Georgia under a fictitious business name and used them to launder hundreds of money orders purchased with the proceeds of the fraudulently obtained tax refunds. More than $450,000 in tax refunds using University of Iowa employees’ names were obtained fraudulently through the overall scheme, with over $1.4 million in fraudulently obtained funds passing through the fictitious business accounts during early to mid-2015.
In April 2015, Julio had $44,000 in laundered funds sent to a Nashville, Tenn. car dealer to purchase a Mercedes Benz automobile.
The investigation was conducted by the Internal Revenue Service – Criminal Investigations, and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.
Florence Rosale Julio’s crimes included conspiracy to commit money laundering, and she will serve 46 months in prison. The scheme involved the use of University of Iowa employee identifications to obtain federal tax refunds by fraud, with over $450,000 in refunds being obtained and over $1.4 million in laundered funds passing through fake business accounts.
The case is a prime example of the dangers of identity theft and the importance of protecting personal information. It also highlights the importance of law enforcement agencies working together to combat financial crimes.
Key Facts
- State: Iowa
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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