Seven have pleaded guilty and five are awaiting trial in $50m US tax fraud case
Accountancy Age, 17 Jul 2008
Seven people have pleaded guilty in what has been described as the biggest embezzlement case in Washington DC, and five more, including Hariette Walters, a former Washington DC tax officer who started the scam, are awaiting trial.
The seven are either friends or related to Walters, who she recruited and who, over a almost a 20-year period, helped her defraud the US of as much as $50m (₤25m)the Washington Post reports.
Robert Steven, a former Internal Revenue Service employee and longtime friend of Walters, and his estranged wife, who also faces charges, were accused of handling more than $9.2m in refund checks from 1990 through 2006.
Another friend of Walters, Walter Jones, a former Bank of America manager, deposited almost $18m in fraudulent checks from 2000 to 2006 and helped distribute stolen money to others. He admitted receiving at least $366,000 in illegal proceeds.
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