Baltimore, MD—Three individuals have been charged in U.S. District Court in Maryland for orchestrating a $1.89 billion cryptocurrency fraud scheme. A federal grand jury has returned an indictment charging Sam Lee, 35, an Australian citizen residing in the United Arab Emirates for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. The indictment was returned on January 25, […]
GREENBELT, MD—A father and son have been sentenced to prison for laundering drug trafficking Bitcoin proceeds. U.S. District Judge Deborah K. Chasanow has sentenced Joseph Farace, age 72, of Sparks, to 19 months in federal prison, followed by two years of supervised release, for a money laundering conspiracy. On January 5, 2023, Judge Griggsby sentenced his son, Ryan Farace, age […]
BALTIMORE, MD—Maryland Attorney General Anthony G. Brown on Thursday announced that consumers who were misled by TurboTax’s owner Intuit into paying for free tax services will begin receiving checks from a $141 million multistate settlement announced in May 2022. All 50 states and the District of Columbia signed onto the agreement. Approximately 4.4 million consumers nationwide will receive checks in […]
GREENBELT, MD—A Maryland man has been convicted for preparing false tax returns. A federal jury this week convicted Ronald Eugene Watson, also known as Sabir Muhammad, 59, of Brandywine, on 23 counts of aiding and assisting in the preparation of false tax returns. The guilty verdict was announced by Erek L. Barron, United States Attorney for the District of Maryland; […]
BALTIMORE, MD—Maryland Attorney Brian E. Frosh on Wednesday announced a settlement that includes more than $2 million in restitution from the owner of TurboTax, Intuit Inc. for misleading Maryland consumers into paying for tax services that they could have received for free. Per a multistate agreement with all 50 states and the District of Columbia, Intuit will pay $141 million, […]
BALTIMORE, MD—A New Jersey man has pleaded guilty to conspiracy to commit wire fraud and filing a false tax return after allegedly defrauding a Harford County business of $20 million. According to his guilty plea, Anthony P. Urcioli, Sr., 78, of Park Ridge, NJ, is the owner and president of Tunnel, Barrel & Drum Co, Inc. (TBD), a wholesale commercial […]
ANNAPOLIS, MD—Comptroller Peter Franchot on Wednesday announced that the filing and payment deadline for 2021 Maryland state individual income taxes has been extended by three months – to Friday, July 15, 2022 – to assist taxpayers facing financial difficulties due to the COVID-19 pandemic. The extension announcement came during a virtual news conference with agency officials to discuss the January […]
BALTIMORE, MD—A federal grand jury on Thursday returned an indictment charging Baltimore City State’s Attorney Marilyn J. Mosby, 41, on federal charges of perjury and making false mortgage applications, relating to the purchases of two vacation homes in Florida. The defendant will have an initial appearance in U.S. District Court in Baltimore, but the hearing has not yet been scheduled. […]