Tax Scam Hinged On 'Secret Accounts' Theory, Jury Told
Law360, Los Angeles (April 4, 2017, 11:00 PM EDT) -- A California couple accused of seeking millions in unwarranted tax refunds believe in a complicated theory that Americans are the collateral backing U.S. currency and can pay debts through their "secret accounts," a federal jury heard Tuesday during opening statements in their tax fraud trial.
Defendants Sean David Morton and Melissa Morton are charged with conspiring to defraud the United States, filing false claims and passing fictitious financial instruments, in violation of federal laws. The charges stem from their participation in a so-called "redemption scheme," which according to the government's trial brief is "the most prevalent nationwide scheme used by tax...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!