Antonio Gadsden, 37, and Troy Solomon, 29, have been charged by a federal grand jury for their role in a tax fraud scheme. They both face counts of defrauding the government and multiple counts of aiding and assisting in the preparation of false income tax returns. Both men were arrested on federal warrants on Tuesday.
According to the indictment, the two men worked at Solomon’s Tax Services, LLC and conspired to defraud the United States by preparing tax returns that used false information in order to maximize the refund amount received. These larger refunds resulted in more business, which lead to higher tax preparation fees.
Solomon is also accused of stealing the identity of an individual in order to participate in the IRS E-File Program. He used this person’s identity to obtain an Electronic Filing Identification number.
The indictment also reports that Solomon is accused of falsely reporting about $700,000 in business losses and Gadsden over $110,000 in business losses and moving expenses.
Each man faces a maximum penalty of three years for each charge of conspiracy. Gadsden also faces up to three additional years for each of his four false-preparation charges. Solomon also faces up to 20 years in prison for each of his 16 charges of wire fraud, up to three years for each of his 16 false-preparation charges, up to two consecutive years for the aggravated identity-theft charge, and up to one year for the failure-to-file charge.
This case was investigated by Internal Revenue Service Criminal Investigation.