Price Jules, 41, of Miami, Florida, was sentenced to 57 months in prison for money laundering, a crime that involves hiding the proceeds of illegal activities, such as tax fraud.
The sentence was handed down in the Southern District of Florida, where the crime took place. According to court documents, Jules had previously pled guilty to one count of money laundering, in violation of Title 18, United States Code, Section 1957.
Jules knew that the laundered money was the proceeds of tax fraud because he received approximately $180,000 of tax fraud directly into his personal E-Trade account and approximately $73,000 into his personal bank account. In addition, Jules spoke about engaging in tax fraud and offered to launder the proceeds of tax fraud for a fee.
The IRS uncovered a pattern of approximately 1,285 attempted fraudulent tax claims seeking approximately $5.7 million in refunds. The IRS paid out $2.74 million in refunds to accounts controlled by another individual, but then approximately $2.3 million left these accounts and was deposited into accounts controlled by Jules and other individuals.
Jules’s crimes had a significant financial impact, with approximately $629,942 in cash withdrawals and approximately $34,000 in ATM withdrawals from the bank accounts that he controlled. None of the individuals or estates of individuals listed on the tax returns received any money.
The case was prosecuted by Assistant U.S. Attorneys H. Ron Davidson and Susan Osborne, and was a result of the investigative efforts of IRS-CI and the USSS. Mr. Ferrer, the United States Attorney for the Southern District of Florida, commended the agencies for their work in bringing Jules to justice.
Jules’s sentence is a significant blow to those who would seek to hide the proceeds of their crimes. It serves as a reminder that law enforcement is vigilant and will work tirelessly to root out those who would seek to evade the law.
Related Federal Cases
- Dennis G. Sartain, Tax Evasion and Money Laundering, Florida 2008 · Florida
- Patrick Merrill Brody, Wire Fraud and Money Laundering, Utah 2012 · Florida
- Joseph M. Palazzo, Mail Fraud, Conspiracy to Commit Money Laundering, Wire Fraud, Ohio 2011 · Florida
- Clarence Cornwell, Bank Fraud and Money Laundering, Ohio 2010 · Florida
- Joseph Palazzo, Mail Fraud and Money Laundering, Ohio 2024 · Florida
Key Facts
- State: Florida
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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