TRENTON – A Roselle man admitted his role in a tax fraud conspiracy that caused the IRS to issue over $3 million in refund checks Thursday, U.S. Attorney Paul J. Fishman announced.
Taiwo Daisi, 40, pleaded guilty to the conspiracy to defraud the IRS before U.S. District Judge Freda L. Wolfson.
According to documents filed in this case and statements made during Daisi’s guilty plea proceeding, Daisi, along with several co-conspirators, purchased the personal identifying information of hundreds of identity theft victims – including their names, dates of birth, and Social Security numbers beginning in January 2005.
Daisi and his co-conspirators then used that information to create and file fraudulent individual income tax returns with the IRS in the victims’ names. Daisi and his co-conspirators used their home addresses or addresses they controlled on the tax returns so they could receive the refund checks.
From approximately January 2005 through October 2009, Daisi and his co-conspirators filed thousands of returns that, combined, sought nearly $11.5 million in refund checks, approximately $3.2 million of which the IRS actually released.
The count to which Daisi pleaded guilty carries a maximum potential penalty of 10 years in prison and a $250,000 fine. Sentencing is scheduled for June 3. Three of Daisi’s co-conspirators have also pleaded guilty.
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