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NJ Authorities Arrest 14 in $65 Million Tax Refund Fraud Scheme

Federal officials in New Jersey have arrested 14 people in connection with a long-running a very lucrative tax refund fraud scheme which involved over 8,000 phony income tax returns seeking $65 million in illegal refunds. The defendants have been charged with theft of government property and conspiracy to defraud the U.S. The scheme is estimated to have created $11 million in losses using stolen Social Security Numbers in Puerto Rico. These funds were stolen from all U.S. citizens, and if the perpetrators should be punished accordingly.