A Texas resident who was indicted on federal criminal charges in September of 2017 has now pleaded guilty to wire fraud and tax evasion. Read on to learn more about the case, and contact a Tyler tax attorney if you’re facing federal tax charges.
CPA uses tax withholding account to steal funds
Brian Perez was working as a CPA in Corpus Christi. According to a US Department of Justice indictment, he used his tax payment account access through his accounting firm to steal from his employer. Perez is alleged to have designed a system to use the Electronic Federal Tax Payments System to transfer money from his employer’s accounts to his own personal taxpayer withholding account with the IRS. When he later filed his tax return, he failed to disclose the illegally-gotten funds, and also requested a refund of the overpayment in taxes.
Money laundering through transfer to investment account
Over the course of five months in 2015, Perez stole over $160,000 from his workplace through this arrangement. In May of 2015, Perez is believed to have used an investment account to launder a portion of these funds. Perez allegedly transferred roughly $59,000 of the stolen funds from his personal checking account to an investment account.
Indictment in September 2017 and subsequent guilty plea
Perez was arrested by federal agents in September 2017. He faced a 20-charge indictment that included 18 counts of wire fraud, a count of tax evasion, and a count of money laundering. Each count of wire fraud carried a potential sentence of up to 20 years in federal prison. Money laundering carries a potential sentence of up to ten years in prison, and tax evasion carries a potential three-year sentence. The charges also carry potential fines of up to $250,000.
Earlier this month, Perez pleaded guilty to wire fraud and tax evasion. He admitted to fraudulently transferring funds from his employer’s account to his own tax withholding account, to failing to disclose that income on his tax return, and to later requesting a refund of that overpayment. He will face sentencing in July of 2018.
If you’re facing charges of tax evasion or tax fraud in Texas, protect yourself with an aggressive and dedicated tax attorney by contacting the Tyler offices of the Scammahorn Law Firm, PC for a consultation at 903-595-1000, with additional offices in Dallas.