Pollock Pines resident and Advanced Financial Services owner Teresa Marty was today sentenced to 120 months in federal prison for her role in a massive tax refund fraud conspiracy, announced the Department of Justice’s Tax Division. The 57-year-old is among several defendants who conspired to file over 250 false refund claims totaling more than $60 million.
Marty, along with Pamela Harris and Rebecca Bandera-Marty, used Advanced Financial Services in Placerville to prepare fraudulent tax returns for clients across 26 states, resulting in the IRS paying out over $9 million. The scheme exploited IRS Forms 1099-OID, falsely reporting debts as income, leading to excessive refund claims.
Marty and Harris initially targeted potential clients with false promises of large refunds using IRS Forms 1099-OID, later enlisting Bandera-Marty in the operation. After their business was shuttered by the IRS, they retaliated by filing fraudulent liens against government officials, including IRS employees.
‘Today’s sentence sends a strong message: preparers like Teresa Marty who file fraudulent returns will be actively investigated and prosecuted,’ said Acting Deputy Assistant Attorney General Stuart M. Goldberg. U.S. Attorney Phillip A. Talbert echoed this sentiment, emphasizing that the sentences reflect the gravity of the offenses and should deter others from violating tax laws.
In addition to her prison term, Marty must serve two years of supervised release and pay $9,500,492 in restitution to the IRS. Clients of Advanced Financial Services have been prosecuted for fraud in multiple states across the country.
Related Federal Cases
Key Facts
- State: California
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
