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.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
