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| Inmate testifies about $3.5M tax fraud scheme |
| By AP |
| Published: 07/04/2005 |
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A South Carolina prison inmate told a rapt House panel last Wednesday about how he defrauded the U.S. government of $3.5 million by filing bogus tax returns. The man, an anonymous 37-year-old inmate dubbed "John Doe," testified behind a partition to prevent him from being photographed or videotaped during the House Ways and Means subcommittee on oversight hearing. He said he started out by filing phony returns for 10 inmates in 1991, which netted $4,200 to $5,400. He kept a $1,000 commission on each return. "Over the years, I filed six to seven hundred returns," Doe said. "The total dollar amount would be approximately $3.5 million, face value," of which he netted $600,000 to $700,000. |
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