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Northern Va. Couple Indicted for Bank Fraud
A married couple from Fairfax Station, Va., Kevin and LuAnn Shaffer, were indicted for their alleged involvement in a bank fraud scheme.
According to the indictment, the couple, who co-owned Matrix-DSS, a Manassas, Va.-based consulting business, conspired to defraud four separate banks between 2003 and 2006. The couple allegedly submitted false information to their lenders, including inflated 401(k) account balances, false W-2 forms, false pay stubs, and false wage information.
The Shaffers’ attempts to secure approximately $5.6 million from one bank for a home loan were also part of the scheme. In addition to bank fraud, the couple is accused 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 was unsealed today, and announced by 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.
The case 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.
RELATED: North Bay Home Invasion Crew Pleads Guilty
Key Facts
- State: Federal
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release ↗
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