A mother-son duo has been accused of conspiring to defraud the Internal Revenue Service (IRS) and filing false tax returns in a superseding indictment unsealed this week.
Sherri Davis, 62, and her son Andre Davis, 49, were charged with conspiring to defraud the IRS and aiding and assisting in the preparation of false individual income tax returns, the Justice Department and IRS announced today.
According to the superseding indictment, Sherri Davis, the previous owner and operator of 2FT Fast Facts Tax Service, and Andre Davis, the current owner and operator of Davis Financial Services (DFS), conspired with others to defraud the IRS by preparing and filing false income tax returns that contained fraudulent deductions, expenses, losses and credits to which 2FT and DFS clients were not entitled, thereby generating fraudulent income tax refunds.
The superseding indictment alleges that Sherri Davis and Andre Davis falsified tax documents for 2FT and DFS clients in order to reduce their taxable income and to get a larger refund than what the client was entitled to receive. It also alleges that from 2007 through 2009, Sherri Davis filed her own false individual income tax returns which underreported 2FT’s gross receipts and falsely claimed business losses for 2FT.
An indictment merely alleges that crimes have been committed and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. If convicted of the conspiracy charge, the defendants face a statutory maximum sentence of five years in prison and a $250,000 fine. The charges of filing a false income tax return and aiding or assisting in filing a false return carry a statutory maximum sentence of three years in prison and a fine of $250,000 for each count.
The case is being prosecuted by Trial Attorneys Jessica Moran, Tiwana Fleming and Mark McDonald of the Justice Department’s Tax Division and was investigated by special agents of IRS-Criminal Investigation.
United States v. Sherri Davis, et al.
Superseding Indictment
RELATED: Timeshare Hustler Gets 23 Months for Tax Dodge
RELATED: Utica Tax Pro Nolan Gets 3 Years Probation for Fraud
Related Federal Cases
- Sacramento Con Man Gets 4+ Years for $1.1M Tax Heist · California
- Tax Thief Gets 20 Months · Pennsylvania
- Mo. Salesman Gets 23 Months for Tax Dodge · Missouri
- Tax Cheat Gets 18 Months for $1.2M Scam · Alabama
- Tax Thief Gets 20 Months: $400k Stolen
Key Facts
- State: Federal
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News