Tax Preparation Office Owner Convicted Of Fraud
A man from Fort Pierce, Florida, was recently found guilty of preparing false tax returns, and could face a maximum of 11 years in prison.
Inuka Rhaheed, who owns First Premium Financial Services with his wife Jacqueline, oversaw 5,500 income tax returns prepared at his office, according to the U.S. Department of Justice. Of those forms, approximately 98 percent requested tax refunds, which totaled $500,000 in stolen government funds.
First Premium charged at least $300 for its services, and it was a popular tax spot for local police and other law enforcement officials. Rhaheed formerly worked for the Fort Pierce Police Department.
Many of the clients who testified against Rhaheed's business practices said they heard the company sought extra deductions.
Rhaheed's wife pleaded guilty of conspiracy to defraud the United States, and faces a maximum of five years behind bars. Wilens Bertrand, an employee at the company, also pleaded guilty to filing false tax returns, and when his sentencing occurs in September, he faces eight years in a federal penitentiary.