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Saturday, May 28, 2022

Chino Man pleads guilty to plans costing taxpayers more than $25 million

Chino Man pleads guilty to plans costing taxpayers more than $25 million

ALEXANDRIA, Va. — An ex-convict from California has pleaded guilty to more than $25 million in fraud schemes that include exaggerated tax returns for professional athletes and taking advantage of federal pandemic relief programs.

Quinn Ngok Rudin, 45, of Chino pleaded guilty to wire fraud in US District Court in Alexandria on Friday.

Rudin served as director of California-based Mana Tax Services. He represented himself as an expert in tax codes for professional athletes that could get them big refunds. They accepted as part of their plea agreement to submit tax returns on behalf of nine different athletes, which significantly increased the returns they were entitled to.

Two of the fake returns included fabricated farm losses.

The athletes who served as Rudin’s clients are not identified in the court papers, but the documents say that many of them had practice facilities in the Eastern District of Virginia and that Rudin visited one of them. Went to Leesburg, Virginia.

The Washington Commanders football team has practice facilities near Leesburg.

According to court papers, Rudin collected 30% of the inflated returns.

Rudin accumulated more than $100 million in fraudulent loan applications under the government’s Paycheck Protection Program on behalf of several companies.

Prosecutors estimate that tax fraud and loan fraud combined cost taxpayers between $25 million and $65 million.

Rudin, who also used the name “Dean Rudin”, was sentenced in 2016 to five years in prison for a separate fraud scheme. Among other scandals, Rudin was linked to a multimillion-dollar fraud scheme that exploited grants received by American Samoa that were supposed to provide relief to the region after the 2009 tsunami.

Rudin will be sentenced in the Virginia case in August.

World Nation News Deskhttps://www.worldnationnews.com
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