Georgian woman pleads guilty to promoting national tax evasion program | Takeover bid

A Georgian woman today pleaded guilty to conspiring to defraud the United States by promoting a nationwide tax evasion scheme and preparing false tax returns for participants in the scheme.

According to court documents, Yomarie Febres, 47, of Covington, prepared 77 false tax returns that collectively claimed more than $ 23.8 million in tax refunds from the IRS. Between 2014 and 2016, the Febres co-conspirators held seminars across the country where they promoted the program and recruited clients to file false tax returns with the IRS by convincing them that their mortgages and other debts entitled them to tax refunds. Information was then gathered from clients and provided to Febres for use in preparing false tax returns. The tax returns prepared by Febres incorrectly claimed that banks and other financial institutions withheld large amounts of taxes from customers’ income, which entitled them to refunds. In fact, the financial institutions did not pay any income or withhold taxes to clients. The false tax returns prepared by Febres led the IRS to pay more than $ 15 million in fraudulent refunds to program participants. Febres hid her role in the scheme by falsely stating that all of the statements were “self-prepared” when, in fact, she created them.

As part of his plea, Febres admitted that his co-conspirators were charging clients around $ 10,000 to $ 15,000 in fees for participating in the scheme. A portion of the fee – typically $ 500 per client – was paid to Febres for each tax return she prepared. Febres further admitted that she did not report on her 2014 and 2015 income tax returns the income she received for the preparation of these false returns. She also admitted to reporting false business losses on her personal tax returns.

Febres is expected to be sentenced at a later date. She faces a maximum sentence of five years in prison for conspiring to defraud the United States and three years in prison for aiding and assisting in preparing false tax returns. Febres also faces a period of supervised release, restitution and financial penalties. A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors.

Several of Febres’s co-conspirators are set to stand trial in January 2022.

Acting Assistant Deputy Attorney General Stuart M. Goldberg of the Department of Justice’s Tax Division and Acting U.S. Attorney Karin Hoppmann for the Central District of Florida made the announcement.

The IRS-Criminal Investigation is investigating the case.

Prosecutors Melissa S. Siskind, Kavitha Bondada and Isaiah Boyd III of the Department of Justice’s Taxation Division and United States Assistant Attorney Chauncey A. Bratt of the United States Attorney’s Office for the Central District of Florida are continuing the case.

About Teresa G. Wilson

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