California man pleads responsible to $900,000 tax fraud plan

Jan. 4 (UPI) — A California man pleaded responsible Thursday to defrauding the IRS of simply about $900,000 in taxes.

Richard Jason Mountford pleaded responsible Thursday to defrauding the Inner Revenue Provider in an elaborate plan spanning quite a bit of years. In line with court docket documents, from 2016-2020, Mountford and unnamed accomplices submitted false particular person earnings tax returns trying for refunds to which they possess been no longer entitled.

The two filed earnings tax returns in their indulge in names, as well to in the names of two other unwitting of us, that falsely reported they possess been employed by and obtained wages from a firm, had federal taxes withheld from those wages, and fraudulently claimed a refund used to be due, essentially based fully mostly on court docket documents.

Most of the returns filed also fraudulently reported alimony payments to prolong the refund amount.

Mountford and his accomplice cashed out with $873,723.fifty three in unwarranted refunds from the IRS. Mountford deposited $757,075.fifty three into his indulge in checking fable and spent $360,000 on novel cars, documents acknowledged. His co-conspirator obtained about $170,000 in money and gold bars for his contribution to the plan.

Mountford is scheduled to be sentenced on April 11 and faces a maximum penalty of 10 years in penal advanced. He also faces a duration of supervised delivery, restitution and monetary penalties.