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New York Man Busted for Allegedly Filing Bogus Tax Returns, Receiving $7M Refund

pexels-karolina-grabowska-4386367-300x200A New York man has been arrested and charged for allegedly filing false tax returns and repeatedly claiming multi-million dollar tax refunds based on bogus income and withholdings.

Jameen Walker was charged with one count of making a false claim, three counts of subscribing to false tax returns, and one count of theft of government funds. It is unclear if he has acquired the services of an attorney.

Federal prosecutors are accusing the defendant from New York of filing false tax returns with the IRS claiming a corporation he controlled had paid him millions of dollars and withheld millions in federal taxes. He then fraudulently sought large federal tax refunds based on those claims, according to the complaint.

In 2016, he allegedly filed multiple individual income tax returns falsely claiming that Stallings Empire Corporation paid him $19.7 million, of which $14.6 million had been withheld. In reality, the corporation did not withhold any money in federal taxes on behalf of the accused or any other employee. He purportedly sought a federal tax refund of more than $6.8 million. Even though the IRS did not issue that refund, he reportedly continued to try the same scheme over the next three years.

In 2018, he allegedly filed multiple fraudulent employer’s quarterly federal tax return forms on behalf of Stallings Empire Corporation. In the filings, he claimed that the corporation had paid him millions and withheld significant amounts of money, according to the complaint. It is unclear if the IRS issued him a refund during this year.

In 2019, the defendant filed another individual income tax return form, claiming more than $16 million in income and $12.2 million in withholding, and seeking a multi-million dollar refund. Based on that tax return, the IRS ultimately issued a tax refund check to the accused for nearly $7 million, which he purportedly deposited into his bank account on August 26, 2019. Over the next two weeks, he proceeded to withdraw and spend $85,000 in cash before his bank account was frozen on September 10, the complaint states.

“Identifying refund fraud schemes is a priority of IRS-Criminal Investigation. I want honest taxpayers to know that we are committed to holding those accountable that choose to defraud the government,” said IRS-CI Special Agent-in-Charge Jonathan D. Larsen. “Mr. Walker’s allegedly false claims for millions of dollars in fraudulent refunds should be considered an attack on the tax system and the general public who believe in it and follow the rules, and we take these allegations very seriously.”

The accused was arrested Thursday and was charged in the Southern District of New York. If convicted, he faces up to five years in prison for making a false claim, three years in prison for each count of subscribing to a false tax return, and a maximum penalty of 10 years in prison for theft of government funds.

“As alleged, Jameen Walker filed multiple false tax returns both corporate and individual, ultimately defrauding the IRS out of nearly $7 million,” said Acting U.S. Attorney Audrey Strauss. “Now he will have to answer for his alleged crimes.”

South Florida Fraud Defense Attorney

Are you accused of committing fraud in South Florida? Contact Brian Silber, P.A. to set up a free initial consultation with one of South Florida’s most experienced fraud defense attorneys.

Source: 10.30.20 New york man charged with filing false tax returns seeking multi-million dollar refunds.pdf

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