WASHINGTON (Pakistan Point News / Sputnik - 29th August, 2018) A Canadian man who led a multi-million Dollar tax fraud conspiracy has been sentenced to five years in a US prison, the Department of Justice announced in a news release.
"Daveanan Sookdeo, 46, formerly of Ontario, Canada, promoted a scheme in which Canadian citizens filed false tax returns with the Internal Revenue Service (IRS) that fraudulently sought nearly $10 million in income tax refunds," the release stated on Tuesday.
The Justice Department said the fraudulent tax filings resulted in actual losses to the US government of over $3.5 million.
After the participants in the scheme received their tax refunds, they traveled to the United States where they opened bank accounts at various financial institutions to deposit the refund checks and then moved the money back to Canada by wire transfers and other means, the release said.
