A notorious tax consultant has been brought to justice in a high-profile case of mail fraud and money laundering in the Bluegrass State.
Todd Griffin, 46, a tax credit consultant for a company based in Atlanta, Georgia, pleaded guilty in United States District Court to devising a scheme to defraud the Kentucky Department of Revenue and his client Signature Healthcare.
Between April 2013 and June 2014, Griffin fraudulently obtained $499,320 in state tax credits for Signature Healthcare from the Kentucky Department of Revenue. In return for securing the fraudulent tax credits, Signature Healthcare compensated Griffin with commissions totaling $46,155.
According to the plea agreement, Griffin submitted fraudulent documents to Signature Healthcare to make it appear that the Kentucky Department of Revenue had approved certifications for eligibility for a tax credit program. Griffin then obtained state tax credits based on the fraudulent documents.
The Kentucky Department of Revenue disallowed the credits and contacted Griffin, who had power of attorney for Signature Healthcare and paid the disallowed tax credits in order to conceal the fraud.
Griffin will pay restitution of $46,155 to Signature Healthcare. At sentencing, the United States will recommend a sentence of 27-33 months in prison. Sentencing is scheduled before Chief Judge Joseph H. McKinley, Jr., on October 2, 2017, in Louisville.
This case is being prosecuted by Assistant United States Attorney Josh Judd and is being investigated by the Kentucky Department of Revenue, Kentucky Attorney General’s Office, Internal Revenue Service, Postal Inspection Service, and the Federal Bureau of Investigation (FBI).
Key Facts
- State: Kentucky
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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