December 13, 2021
Posted December 20, 2021
Following his conviction at trial on tax fraud charges, John Barry Jr. was sentenced to 12 years in prison and ordered to pay $4.2 million in restitution. According to evidence at trial, Barry promoted a “mortgage recovery” tax scheme, telling clients that they could extinguish mortgage debts by filing false forms with the IRS claiming that a large amount of taxes had been withheld. These false withholding claims caused the IRS to issue more than $4 million in refunds to Barry’s clients; Barry typically charged each client a fee of between 20% to 35% of the refund obtained. DOJ
Tagged in: Criminal Proceedings, Tax Credit and Deduction Fraud, Tax Fraud,