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Preparer Draws 77 Months in Prison

 A Texas tax preparer has been sentenced to more than six-and-a-half years in prison for siphoning off more than $2.6 million in client refunds.

Anthony Floyd, 51, pleaded guilty to 10 counts of aiding in the preparation and presentation of false tax returns and was also ordered to pay more than $1.9 million in restitution.

Floyd filed about 400 bogus tax returns with information designed to inflate refunds. He recruited clients outside of big box stores and through other clients, obtaining their information via text and cell phone conversations. He rarely met with clients in -person and submitted returns without reviewing them with the taxpayer and then diverted most of the refunds to his own accounts.

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