An Allen County Kentucky accountant was charged this week by a federal criminal information with devising a scheme to defraud his employer, and with filing fraudulent individual income tax returns, over a five-year period, that failed to include over $600,000 in reportable income, announced United States Attorney John E. Kuhn, Jr.
According to the Information, Stephen C. Jones, 50, of Scottsville, Kentucky, committed wire fraud between January of 2010 and August of 2015, when he devised and executed a scheme to defraud his employer, by diverting money from the company’s bank account to his personal bank account.
Further, Jones is charged with preparing and presenting jointly-filed, U.S. Individual Income Tax Returns, to the Internal Revenue Service, for calendar years from 2011 to 2015, that were false and fraudulent, as they did not include approximately $631,691 in reportable income, which Jones knew was income and that should have been reported.
The charges against Jones are serious and could result in significant prison time if convicted. Jones could be sentenced to no more than 20 years for Count One and no more than three years for each of Counts Two through Six.
Charges in Kentucky Circuit Court have been dismissed in order for the federal prosecution of defendant Jones to proceed. The case is being prosecuted by Assistant United States Attorney Amanda Gregory. The Federal Bureau of Investigation (FBI), the Internal Revenue Service (IRS), and the Allen County Sheriff’s Office investigated the case.
The investigation and prosecution of Jones demonstrate the commitment of law enforcement to hold individuals accountable for financial crimes. The case against Jones serves as a reminder that fraudulent activities will be thoroughly investigated and prosecuted to the fullest extent of the law.
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Key Facts
- State: Kentucky
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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