Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Estimated reading time: 1 minute, 34 seconds
Fraudsters Must Repay $26 Million
Two tax fraud promoters, who drew lengthy prison terms, must repay more than $26 million to the United States. Iran V. Backstrom, aka Shariyf Noble, of Milledgeville, Ga., Mehef Bey, aka Arthur Daniels, of Charlotte, N.C., and co-conspirators prepared income returns for participants in scheme involving mortgages and other debts.
Backstrom was sentenced to 105 months in prison while his second in-command, Bey was sentenced to 11 years. A
long with co-conspirators, the two used seminars held between 2014 and 2016 to convince clients that their mortgages and debts entitled them to tax refunds. They sought more than $64 million in refunds for the participant, claiming their lenders had withheld large amounts of income taxes.
The conspirators filed fraudulent tax documents with the IRS that matching withholding information on the tax returns to make them appear as if they were issued by the banks. They concealed their roles to make it appear the returns were prepared by clients. Charging from about $10,000 to $15,000 per return, the two coached participants on how to conceal the scheme from the IRS.
Two of Backstrom and Bey’s co-conspirators, Aaron Aqueron and Yomarie Febres, who have also pleaded guilty, are awaiting sentencing.
Most Read
-
-
Jan 23 2024
-
Written by Bob Scott
-
-
-
Jan 23 2024
-
Written by Bob Scott
-
-
-
Feb 05 2024
-
Written by Bob Scott
-
-
-
Feb 23 2024
-
Written by Bob Scott
-