June 6, 2016

A Stillwell, Kansas, man pleaded guilty to one count of aggravated identity theft and one count of theft of government funds, announced the Justice Department’s Tax Division. Richard Drake, 60, admitted that he obtained more than $2 million from the Internal Revenue Service (IRS) by filing false tax returns in the names of his clients. Those false returns claimed refunds that Drake directed into accounts he controlled. In his plea agreement, Drake admitted that he used the identities of his clients to perpetrate his fraud without their knowledge. The tax returns that Drake filed caused the U.S. Department of the Treasury to issue large income tax refunds that Drake then converted to his own use. As part of his plea agreement, Drake has agreed to serve 48 months in prison and to pay $2,432,147 in restitution to the IRS. DOJ

Tagged in: Tax Fraud,