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Northern Virginia Couple Indicted for Conspiracy, Bank Fraud and Tax Evasion
A federal grand jury in Alexandria, Va., returned an indictment against a married couple from Fairfax Station, Va., for conspiracy, bank fraud and tax evasion, announced John A. DiCicco, Acting Assistant Attorney General for the Tax Division, U.S. Attorney Neil H. MacBride of the Eastern District of Virginia, and Rebecca A. Sparkman, Special Agent in Charge of the Internal Revenue Service (IRS) Criminal Investigation’s Washington, D.C., Field Office.
Kevin and LuAnn Shaffer, co-owners of a Manassas, Va.-based consulting business named Matrix-DSS, allegedly conspired to defraud four separate banks, including attempting to secure approximately $5.6 million from one bank for a home loan from 2003 to 2006. The indictment alleges that the couple submitted false information to their lenders, overstating their assets and making other material misrepresentations, including inflated 401(k) account balances, false W-2 forms, false pay stubs and false wage information.
In addition to the conspiracy charge, the couple are charged with four counts of tax evasion for allegedly failing to make an income tax return for the calendar years 2005 to 2007 and for understating their taxable income in 2004 by more than $380,000. Kevin Shaffer is also accused of failing to account for and pay over to the IRS more than $200,000 in federal taxes that he withheld from the paychecks of Matrix DSS employees from July 1, 2006, to Jan. 31, 2008.
The 12-count indictment, which was unsealed today, is being investigated by the IRS Criminal Investigation Office and U.S. Secret Service. Trial Attorney Tracy L. Gostyla from the Tax Division and Assistant U.S. Attorney Charles F. Connolly from the Eastern District of Virginia are prosecuting the case on behalf of the United States.
The Shaffers’ alleged scheme to defraud the banks has led to serious consequences, including tax evasion charges. As the investigation continues, it is clear that the couple’s actions have had far-reaching impacts on the financial stability of their business and personal lives.
The indictment serves as a reminder of the importance of honesty and transparency in financial dealings. The alleged actions of the Shaffers demonstrate the serious consequences of attempting to deceive financial institutions and the IRS.
The case is a significant example of the IRS’s commitment to investigating and prosecuting individuals who engage in tax evasion and other financial crimes.
Key Facts
- State: Federal
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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