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California men filed false tax returns for athletes, charged them for fraudulent payouts
GOP launches investigation into COVID relief fraud
Fox News congressional correspondent Chad Pergram has the details from Capitol Hill on ‘Cavuto: Coast to Coast.’
Two California men have been sentenced for fraud in a pair of multimillion-dollar schemes in which they filed false tax returns on behalf of professional athletes and other entities to collect fraudulent tax refunds and pandemic aid payments, according to the Dept. of Justice (DOJ).
The DOJ on Friday announced that Thanh Rudin, 58, was sentenced to 34 months in prison and his coconspirator Seir Havana, 46, was sentenced to 42 months in prison. Thanh's brother, Quin Rudin, was sentenced to 10 years in prison in October for his role in the scheme.
The Rudin brothers and Havana filed false income tax returns on behalf of at least nine professional athletes reporting fictitious business and personal losses to generate refunds the athletes weren't entitled to receive. They filed several amended tax returns for prior years to correct what they falsely claimed were "errors" made by the athletes' prior accountants. Their company, Mana Tax, charged the athletes for 30% of the fraudulently obtained tax refunds, causing a total tax loss of over $19 million per DOJ.
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