BREAKING NEWS
Breaking

728x90

468x60

Three Nigerians Iwuoha, Macaulay, Banjo charged in U.S. with $16.4m tax fraud

 


Three Nigerians, Francis Nwabueze Iwuoha, 38, Oluwadamilare Gbenga Macaulay, 32, and Olufemi Oluwaseun Banjo, 37, who is also known as “Femi Banjo.”face felony charges in the United States for their alleged involvement in a scheme to steal income tax refunds using identity theft.

 

Two of the Nigerians, Banjo and Iwuoha are based in Lagos, while Macaulay is based in Abuja.

 

U.S. Attorney Erica H. MacDonald announced on Wednesday that the three defendants, who are now fugitives, have been charged with wire fraud, aggravated identity theft and conspiracy related to the alleged scheme.

 

According to the allegations in the indictments, from approximately March 2016, through approximately February 2018, BANJO, IWUOHA, and MACAULAY, gained unauthorised access to internet accounts of thousands of individual victims to steal Personal Identifying Information (PII) and IRS W-2 Forms, which they used to file false tax returns in the names of the individual victims seeking fraudulent refunds.

 

 

As part of the scheme, BANJO, IWUOHA, MACAULAY, and others gained unauthorised access to approximately 1,200 individuals’ accounts maintained by a Minnesota-based company that provides human resource and payroll services to numerous businesses.

 

The accounts were registered with a web-based program that allowed employees to download a copy of their IRS Form W-2 from an internet portal. After fraudulently obtaining PII and tax information from the accounts, BANJO, IWUOHA, MACAULAY, and others used the information to prepare and electronically file fraudulent tax returns with the IRS.

 

As part of the scheme, BANJO, IWUOHA, MACAULAY, and others also gained unauthorised access to individuals’ accounts maintained by the Department of Education by exploiting an online tool that facilitates the transfer of individuals’ PII and tax information from the IRS website to the Department of Education.

 

The defendants used the stolen information to prepare and electronically file fraudulent tax returns with the IRS. As a result of the scheme, BANJO, IWUOHA, MACAULAY, and others attempted to claim a total of approximately $16.4 million in fraudulent tax refunds.

 

“These cases are the result of an investigation conducted by the Internal Revenue Service’s Criminal Investigation Division, the U.S. Department of Education, Office of Inspector General, and the FBI”, Erica MacDonald said.

 

Assistant U.S. Attorneys Julie E. Allyn and Angela M. Munoz are prosecuting the cases.

 

“We remain optimistic that the defendants will have their date in court in the U.S., but we can’t get into further detail with respect to our apprehension efforts,” U.S. Attorney’s Office spokeswoman Tasha Zerna told The Minneapolis Star Tribune.

 

The particulars:

OLUFEMI OLUWASEUN BANJO, a/k/a “Femi Banjo,” 37, Lagos, Nigeria

Charges: Conspiracy to commit wire fraud, 1 count, Wire fraud, 4 counts, Aggravated identity theft, 4 counts

 

FRANCIS NWABUEZE IWUOHA, 38, Lagos, Nigeria

Charges:Conspiracy to commit wire fraud, 1 count, Wire fraud, 5 counts, Aggravated identity theft, 5 counts

 

OLUWADAMILARE GBENGA MACAULAY, 32, Abuja, Nigeria

Charges:Conspiracy to commit wire fraud, 1 count, Wire fraud, 3 counts, Aggravated identity theft, 3 counts


Click to signup for FREE news updates, latest information and hottest gists everyday


Advertise on NigerianEye.com to reach thousands of our daily users
« PREV
NEXT »

No comments

Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)

Advert Enquires - Reach out to us at NigerianEye@gmail.com