FLORIDA MAN INDICTED FOR CONSPIRACY TO COMMIT MONEY LAUNDERING
YAHIA ASAD, age 48, of Tallahassee, Florida, was indicted by a federal grand jury today and charged in a one-count indictment with conspiracy to commit money laundering, announced U.S. Attorney Jim Letten.
According to court documents, from January 2010 through March 2012, ASAD and others (known and unknown) perpetrated a tax fraud scheme which involved filing false tax returns using the stolen identities of deceased or imprisoned persons, using inflated and erroneous financial information, causing a much larger refund than would be allowed legitimately which resulted in a significant loss to the government.
ASAD had been previously charged by a criminal complaint, was arrested and appeared before a United States Magistrate in New Orleans on March 1, 2012. U. S. Magistrate Judge Sally Shushan set cash or property bond of $100,000, which has not yet been perfected by ASAD.
If convicted, ASAD faces a maximum term of twenty (20) years imprisonment, and a $500,000.00 fine.
This case is being investigated by Special Agents U.S. Immigration and Customs Enforcement/Homeland Security Investigations and the Internal Revenue Service, Criminal Investigation and prosecution is being handled by Assistant United States Attorneys Tracey N. Knight and Joseph LaRocca.
If you believe you have been a victim of fraud from a person or an organization soliciting relief funds on behalf of storm victims or have knowledge of waste, abuse, or allegations of mismanagement involving disaster relief operations, contact the National Center for Disaster Fraud toll free at: (866) 720-5721. You can also fax information to: (225) 334-4707 or e-mail it to: firstname.lastname@example.org