Woman Did Not Pay $1.5M, Gets 41 Months in Prison for Tax Conspiracy
A San Antonio, Texas, woman was sentenced to 41 months in federal prison and ordered to pay $1.5 million in restitution to the IRS for her role in a fraudulent tax scheme.
In addition to the prison term, United States District Judge Fred Biery ordered that Terrell Diamond be placed under supervised release for a period of three years after completing her prison term.
According to court records, Diamond, along with her now-ex-husband and co-defendant, William Diamond, conspired to defraud the IRS in the assessment and collection of more than $1.5 million in employment taxes due and owing from November 1996 to June 2003.
The employment taxes owed pertained to temporary employment agencies owned and operated by the Diamonds, including Ameriforce and Primo Labor.
On April 24, 2008, Diamond pleaded guilty to one count of conspiracy to defraud the IRS. William Diamond pleaded guilty to the same charge on February 29, 2008. William, who faces up to five years in federal prison, is scheduled to be sentenced in May.
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Tags: conspiracy to defraud IRS, fraudulent tax scheme, ponzi scheme, San Antonio fraudulent tax scheme, Tax Conspiracy, tax fraud
