March 22, 2019

A man in Colorado plead guilty to his role in a $7.2 million tax credit fraud scheme that ran from 2010 to 2013. To take advantage of a federal program that encourages the production and use of renewable fuels, Matthew Taylor and co-conspirators created a fake fuel production company, Shintan Inc., and filed false claims for tax credits with the IRS, even though their company produced no qualifying fuels. Altogether, their scheme netted them a total of $7.2 million, with $4.5 million going to Taylor. DOJ

Tagged in: Environmental Fraud, Tax Credit and Deduction Fraud,