Dead Children Identity Thief Imprisoned for Tax Evasion

Monday, November 24, 2014 Print Email

A former tax attorney has been fined $2.2 million to the Internal Revenue Service in form of restitution because of unlawfully taking the identity of dead children. The former attorney who was also a CPA has also been subjected to 57 months imprisonment.

The U. S District Court Judge Michael Anello sentenced Lloyd Irving Taylor in San Diego. Previously, Taylor had been convicted by a jury with regard to 19 felony charges. Among others were because of falsified statements to a financial institution, serious identity theft, evasion of tax and also corruption meddling with IRS. He was also found guilty of falsifying statements on US passport applications. Since April 2013 when he was arrested, Taylor has since remained in custody.

It is alleged that Taylor stole the deceased children’s identity and used them as his assumed name in order to obtain falsified passports and other documents of identification. Later on, he used the passports that he got from the embassy of the U.S all over Europe. He also used other documents that were fraudulent for purposes of opening and maintaining several financial accounts in a bid to conceal his assets and income from IRS. Additionally, Taylor is alleged to have misused the stolen identity in transferring funds between his nominee accounts and also in purchasing a variety of assets like gold coins. These he used in tax evasion as per the prosecutors words.

In the same way, Taylor made fictitious several religious organizations and opened 31 related investment and bank accounts in the names of these false churches. Moreover, he took advantage of the tax-exempt status of the false religious organizations to deceptively claim that his income was not to be subjected to federal taxes.

After a long trial which lasted for one week in June 2014, the jury found the defendant guilty on all charges after deliberations that lasted only thirty minutes. The witnesses included a brother to one of the victims that was deceased whose Taylor had stolen his identity. Another witness was an elderly woman who was also blind and whose Social Security number had been stolen and which Taylor misused.

Source: ReadyRatios

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