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Former Franchisor Socked with $5M Judgment

Thursday, 17 November 2016

Tax

A federal court has barred Walner Gachette, the franchisor for the former LBS Tax Services chain, from preparing tax returns for others. A $5-million judgment was also entered against the man who ran the nation's fourth-largest tax store chain until it was shut down by federal action for pervasive fraud and charging some customers $999 for preparing an individual tax return.

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