A St. Louis County man has been found guilty of his involvement in a massive stolen identity tax refund and money laundering scheme.
Precious Agobe, St. Louis County, MO, pled guilty to charges involving his participation in the scheme, which netted him upwards of $250,000 to $550,000 in tax refunds.
According to court documents, Agobe made numerous withdrawals from a Bank of America account that contained the proceeds of fraudulently obtained federal income tax refunds. The total amount of these withdrawals was $8,800 on three separate occasions in February 2015.
Additionally, Agobe withdrew $3,000 from a Bank of America account that contained the proceeds of a scheme to defraud a business in Kelso, Washington, of $47,700.
In another instance, Agobe deposited 21 counterfeit checks totaling $99,055 into a Bank of America account and subsequently withdrew $1,990.
Agobe was charged with three counts of theft of government property and two counts of money laundering. The theft of government funds carries a maximum penalty of ten years in prison and/or fines up to $250,000, while each count of money laundering carries a maximum of 20 years and/or fines up to $500,000.
Agobe is set to be sentenced on March 26, 2017. The case was investigated by Internal Revenue Service-Criminal Investigation and the Kelso, Washington Police Department, with Assistant United States Attorney Steven Muchnick handling the case for the U.S. Attorney’s Office.
Related Federal Cases
- Virginia Marie Hayes, Tax Refund Scam, MO 2017 · Virginia
- Octaveon Woods, Wire Fraud and Money Laundering, IL 2024 · Georgia
- Deonte Alfred Sentenced for Stolen Gun, Car in Missouri · Georgia
- Kalena Latoya Winston, Tax Return Fraud Scheme, Killeen TX, 2016 · Missouri
- Semere Tsehaye Convicted of Tax Evasion, St. Louis MO, 2023 · Missouri
Key Facts
- State: Missouri
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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