Those involved in this scheme crossed several regulatory and state lines to perpetrate a fraud that eventually ended after 2,000 false tax returns had been filed. Here is how Babatunde Olusegun Taiwo and those he worked with, carried out their scam:
Mr. Taiwo was indicted by a federal grand jury in St. Louis, Missouri for conspiracy to file false tax claims, wire fraud, mail fraud, aggravated identity theft, and access device fraud (access device fraud is the use of an access tool or number to gain entry to property, services, or assets that one does not have a right to access).
Depending on the outcome of a potential plea deal or trial, Mr. Taiwo is facing statutory and mandatory sentencing of up to 20 or more years in prison, along with restitution, fines, and probation.
This complex scheme temporarily netted big money for Mr. Taiwo and his co-conspirators. While any gain will be forfeited, likely along with his liberty, Mr. Taiwo could have turned to a tax lawyer experienced with criminal tax defense to mitigate the potential damage to his future.
If you are aware of potential tax fraud in your business or behavior, knowledgeable legal defense can help you find the best solution for the circumstances of your situation—before the IRS knocks on your door.
Serving clients around the world from offices in Cleveland and Chicago, the tax attorneys of Robert J. Fedor Esq., LLC deliver strategic, straightforward legal guidance on tax litigation, payroll tax issues, and criminal tax matters. Call us at 800.579.0997 or contact us online today.