Texas Man Sentenced to Prison for Embezzlement and False Tax Return
In a recent legal development, a Texas man has been sentenced to 30 months behind bars for embezzling funds from his employer and filing a fraudulent tax return.
Embezzlement Scheme Unveiled
According to court records, the individual in question, Steven Marquez of Hutto, engaged in an embezzlement scheme spanning from April 2010 to October 2017. During this period, Marquez embezzled an amount exceeding $700,000 from his employer, an Austin-based property management company, while holding the position of head of its bank reconciliation team. To conceal his illicit activities, Marquez tampered with his employer’s corporate bank statement. He systematically removed evidence of his transfers, making it appear as though the statements were in harmony with the company’s records.
False Tax Return and Its Consequences
Further complicating matters, Marquez filed a deceptive tax return for the year 2017, where he failed to report the embezzled funds as income. This omission led to legal consequences.
Additional Penalties Imposed
In addition to his prison sentence, Marquez has been ordered to serve three years of supervised release. Furthermore, he is obligated to make financial restitution, with a sum of $188,493 payable to the United States. Additionally, an additional $704,262 in restitution is required, specifically related to the embezzlement.
Announcement by Acting Deputy Assistant Attorney General
The announcement of this legal outcome was made by Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division.
Investigation and Prosecution
IRS-Criminal Investigation handled the investigation of this case. Assistant Chief David Zisserson and Trial Attorney Kavitha Bondada, both from the Tax Division, were responsible for prosecuting the case.Read More On The Topic On TDPel Media