22 August, 2010
The U.S. Attorney in Tampa announced the indictment of two Tampa Bay area accountants for conspiracy to defraud the IRS and conspiracy to commit wire fraud. George B. Calvert of Hernando Beach and Gregory Guido of Litha, former Certified Public Accountants, were also indicted for money laundering.
Prosecutors alleged that, from 2002 through 2006, Calvert and Guido conspired with others to defraud the IRS through a complicated fraudulent tax credits scheme related to a tax credit for selling fuels from non-conventional sources (FNS) to certain parties. According to authorities, Calvert, Guido and their co-conspirators identified landfills in the United States and Puerto Rico and purported to secure rights to the FNS tax credits generated by the landfills. They then created fraudulent assignments purporting to transfer the right to claim the FNS tax credits from the landfill owners to their own companies.
The government alleges that the defendants created fraudulent and back-dated landfill gas purchase agreements to make it appear as if their own company was selling methane from the landfills to an unrelated third party such that they could claim FNS tax credits. In reality, no such sales were occurring. (more…)


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