Second Defendant in D.C. Property Tax Refund Fraud Scheme Pleads Guilty
Greenbelt, Maryland - Marilyn Yoon, age 40, of Derwood, Maryland, pleaded guilty today to possession of property obtained by fraud in connection with a property tax refund scheme in which millions of dollars were stolen from the District of Columbia Office of Tax and Revenue, announced United States Attorney for the District of Maryland Rod J. Rosenstein and U.S. Attorney for the District of Columbia Jeffrey A. Taylor.
According to the plea agreement, Yoon first met a co-conspirator in 2000 while working as a sales consultant at a high end leather goods store and then at a luxury department store in Tysons Corner, Virginia where the co-conspirator shopped. As their friendship continued, the co-conspirator provided monetary gifts to Yoon totaling approximately $251,130 between June 2005 and May 2006.
In February 2007, the co-conspirator gave Yoon a fraudulent District of Columbia check for $483,940 and instructed Yoon to deposit the check into Yoon’s bank account. When Yoon attempted to do so, the bank did not accept the deposit because the names of the owner of the account and the payee did not match. In May of 2007, the co-conspirator gave Yoon a second fraudulent District of Columbia check, made payable to a business owned by Yoon’s husband in the amount of $275,000. Yoon successfully deposited the check into the bank account of her husband’s business.
In June 2007, the co-conspirator directed Yoon to use the funds from the $275,000 check to send a $125,000 cashier’s check payable to a plumbing business owned by the co-conspirator’s brother. Although Yoon believed that the $275,000 check was the proceeds of fraud, Yoon nevertheless issued the cashier’s check and used the remaining $150,000 to make a personal loan to a family member and remodel her home.
Yoon faces a maximum sentence of 10 years in prison and a $250,000 fine. U.S. District Judge Alexander Williams, Jr. has scheduled sentencing for September 12, 2008 at 9:30 a.m.
Ricardo R. Walters, age 33, of Ft. Washington, Maryland, pleaded guilty on May 2, 2008 in connection with the property tax refund scheme and faces a maximum sentence of 10 years in prison for receipt of stolen property and 20 years in prison for conspiracy to commit money laundering. Judge Williams scheduled his sentencing for July 23, 2008 at 9:30 a.m.
United States Attorneys Rod J. Rosenstein and Jeffrey A. Taylor thanked the Federal Bureau of Investigation; the Internal Revenue Service - Criminal Investigation; the Inspector General’s Office for the District of Columbia; the District of Columbia Office of Tax and Revenue, Criminal Investigation Division; the Treasury Inspector General for Tax Administration; and the District of Columbia Office of the Chief Financial Officer, Office of Integrity and Oversight for their investigative work. Mr. Rosenstein commended Assistant United States Attorneys Jonathan Su and Deborah Johnston from the District of Maryland and Assistant United States Attorneys Timothy Lynch and David Johnson from the District of Columbia, who are prosecuting the case.