A Nevada tax preparer who used police lights on his car and posed as FBI agent to collect a fee, has pleaded guilty in a case involving ID theft and money laundering. King Isaac Umoren, 41, of Las Vegas was also charged with using a phony client list to sell his business for $3.8 million.Umoren pleaded guilty this month to aggravated identity theft, wire fraud and money laundering. On March 28, he pleaded guilty to a separate indictment charging him with filing false client tax returns with the IRS , aggravated identity theft, wire fraud and impersonating an FBI agent.
Besides utilizing false deductions and fictitious businesses, Umoren also used the PTINs of other UTS employees without their knowledge. Then, on Feb. 7, 2016, he donned a fake badge and tactical gear and drove to a client's house, after attaching police lights to his car. He posed as an FBI agent and demanded payment of a tax prep fee
He also required clients to use a rapid anticipation check program and at times siphoned fees from client refunds.
When he attempted to sell UTS in May 2016, he prepared fake documents such as forged bank statements, fabricated return preparation fee reports, false personal tax returns and other tax forms that not been filed with the IRS to hike its value. He also used stolen tax and ID information of about taxpayers who were not UTS clients and convinced a purchaser to pay more than $3.8 million in cash for the business.
Umoren used the proceeds to buy an automobile and land in Henderson, Nev.
