A Boston automobile dealership proprietor has been indicted for allegedly stealing $1.3 million from the US authorities in a fraudulent tax refund scheme.
In accordance with a brand new press release from the Division of Justice (DOJ), 31-year-old Jessie El-Ghoul has been charged with one depend of theft of presidency funds, one depend of financial institution fraud and 4 counts of cash laundering for allegedly defrauding the federal government.
Authorities allege that El-Ghoul – who owned the Reasonably priced Motor Group automobile dealership in Leominster – deposited a solid tax refund verify price $1.34 million into his enterprise account initially made out by the U.S. Treasury Division to an unnamed Canadian agency.
After depositing the faux verify, El-Ghoul returned to the financial institution and took out 4 cashier’s checks payable to shell corporations and a legislation agency as a method of laundering the funds. He was arrested and charged on June sixth.
In accordance with the press launch, he faces as much as 10 years for the theft of the funds, as much as 30 years for financial institution fraud and as much as 20 years for every depend of cash laundering.
In June, the DOJ unveiled that El-Ghoul was allegedly a part of a felony ring that stole tax refunds from professional taxpayers. Authorities say that between 2023 and 2024, the group – which included eight individuals – allegedly stole $8.8 million in tax refund checks and deposited the funds into accounts they managed.
As said by United States Lawyer Leah B. Foley on the time,
“As alleged, these defendants stole hundreds of thousands in tax refunds owed to hardworking People and used Massachusetts companies and group banks to defraud the U.S. Treasury. Would-be thieves ought to perceive that taking authorities cash isn’t a victimless crime.”
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