Four Indian-origin accountants in Texas have pleaded guilty to falsifying client records to get more revenue by ripping off the government.
Four individuals of Indian origin have pleaded guilty in a massive fraud in Texas that cost the US government millions of dollars. Subhala Suresh, Matthews Chacko, Anish Pillai, and Mo Kundu defrauded the government by preparing false federal tax returns for their clients that included false expenses.
As a result, their customers received refunds they were not entitled to, and the federal government lost money. The four had different clients but were described as co-conspirators in court documents. Subhala Suresh He was the last to admit guilt. She faces a maximum sentence of three years in prison, a period of supervised release, compensation and financial penalties. Suresh admitted causing a tax loss to the United States of between $250,000 and $550,000.
Mathews Shacko
Chacko’s modus operandi was also the same, making false business expenses to reduce taxes and increase returns to which they were not entitled. At times, Chucky and his co-conspirators used phony business expenses without their clients’ knowledge. On some occasions, they have informed their clients that they are providing false information. Chacko admitted causing a tax loss to the United States exceeding $3.5 million but less than $9.5 million.
Chacko faces a maximum penalty of five years in prison for conspiracy to defraud the IRS.
Aneesh Pillai and Mo Kundu
Anish Pillai previously pleaded guilty to filing a false tax return, admitting that he caused losses of between $1.5 million and $3.5 million to the United States. Mo Kondo also previously pleaded guilty to filing a false tax return and admitted that she caused losses of between $250,000 and $550,000 to the United States. Pillay and Kondo each face maximum penalties of three years in prison for helping clients file false tax returnsThe sentencing of the four of them is still pending.