A Las Vegas business owner pleaded guilty to a fraudulent income tax return scheme, according to court documents.
Graciela Rueda Alvarez, also known as Graciela Masso, owns and operates All Hose Inc. (AHI) and All Hose South LLC (AHS), distributors of industrial, hydraulic, and pneumatic hoses, connectors, and fluid transfer systems.
From 2013 to 2016, Rueda Alvarez transferred over $950,000 of profits from AHI and AHS to bank accounts she controlled, but did not report these funds as income on her personal federal tax returns.
Rueda Alvarez’s actions resulted in a tax loss to the IRS of $210,807.
The defendant faces the statutory maximum penalty of three years in prison, one year of supervised release, and a fine of $250,000.
Rueda Alvarez has agreed to pay $458,728.52 in restitution, including past-due taxes, interest, and penalties.
U.S. District Court Judge Jennifer A. Dorsey scheduled sentencing for September 27.
Key Facts
- State: Nevada
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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