Related Federal Cases
- Pasquale Gervasio Pleads Guilty in $13M Oxycodone Money Laundering Ring · Iowa
- Iowa Prostitute Ring Busted in SC · Tennessee
- Georgia Hunter Banished for Kansas Poaching Scandal · Missouri
- $1M Penalty for Iowa Pipeline Spills · Alabama
- Marlene Barkheimer, FDIC Advisory Committee Appointment, Washington… · Louisiana
Georgia Woman Sentenced for Money Laundering of University of Iowa Employee IDs
A 39-year-old woman from Brunswick, Georgia, has been sentenced to prison for her role in a money laundering scheme that involved the theft of University of Iowa employee identifications.
Florence Rosale Julio was sentenced by United States District Court Judge Rebecca Goodgame Ebinger to 46 months in prison for conspiracy to commit money laundering in connection with a scheme to obtain federal tax refunds by fraud.
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 and more than $1,400,000 in fraudulently obtained funds passed through the fictitious business accounts during early to mid-2015.
Julio’s scheme involved using the stolen identities to obtain tax refunds, which she then laundered through her bank accounts. The investigation revealed that 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.
As part of her sentence, Julio was also ordered to serve three years of supervised release following the period of imprisonment and pay $100 to the Crime Victims’ Fund.
Key Facts
- State: Iowa
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News