Biggest-Ever Tax Refund Schemer Ordered To Pay $3M

Law360, New York (December 9, 2013, 6:49 PM EST) -- The leader of the largest tax refund scheme in history involving Original Issue Discount tax forms was ordered to pay almost $3 million in restitution Monday, adding to his 14-year prison sentence handed down in September.

Arturo S. Ruiz, the previous owner of the now-defunct Old Quest Foundation, was convicted in January for preparing more than 400 fraudulent federal income tax returns worth more than $250 million in refunds and employing a web of almost six-dozen so-called promoters to perpetuate the scheme.

“This is a victory...
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