More NewsSeven plead guilty in $50m US tax fraud case

Seven plead guilty in $50m US tax fraud case

Seven have pleaded guilty and five are awaiting trial in $50m US tax fraud case

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.

Further reading:

Read
the Wasington Post story

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