Feds: Former CT woman used 'ghost employees' in $712,446 tax fraud
A former Madison woman, who operated a Stratford healthcare staffing agency, pleaded guilty to a tax fraud scheme that resulted in a loss of $712,446 to the IRS.
According to court documents, beginning as early as 2012, Theresa Foreman took money out of the company by depositing or cashing, and causing to be deposited or cashed, checks written to individuals who did not actually work for Equinox Home Care.
Between May 2012 and December 2013, approximately $413,000 in payroll checks to these “ghost employees” were deposited into accounts controlled by Foreman’s brother. During the same period, approximately $465,000 was withdrawn from the accounts in cash, cash back from deposits, or checks payable to Foreman.
Foreman also had employees cash company checks and return the funds to her, and she cashed or caused to be cashed mileage reimbursement checks made out to other individuals and used the funds for her own benefit.
Read more: https://www.ctpost.com/local/article/Feds-Former-CT-woman-used-ghost-employees-13663357.php