Memphis Resident Pleads Guilty
to Tax and Bankruptcy Fraud Charges
Memphis, TN - Shukeyla Price-Jones plead guilty before U.S. Chief District Judge Jon P. McCalla to one count of bankruptcy fraud and two counts of aiding and assisting in the preparation of false tax returns, announced Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee. Price-Jones was charged in two separate indictments on October 21, 2009, and on April 6, 2010.
Price-Jones faces a maximum penalty of 11 years in prison and a fine of $750,000 when she is sentenced on March 10, 2011.
With respect to the October 21, 2009 indictment, Price-Jones admitted during the hearing that on November 27, 2006, she falsely stated in a bankruptcy filing that she had only filed one other bankruptcy case in the preceding eight years and that the Social Security Number disclosed in the petition belonged to her. Price-Jones admitted that she had filed bankruptcy on January 12, 2000, and on August 2, 2000, and that the Social Security Number disclosed in her petition did not belong to her.
With respect to the April 6, 2010 indictment, Price-Jones admitted that she prepared and filed tax refunds for other individuals claiming tax refunds the filers were not entitled to receive. She pled guilty on two counts of the 26 count indictment. As to one count, Price-Jones prepared and filed a tax return claiming two dependents that were not dependents of the filer. Price-Jones admitted that she allowed the filer to list two of her children as dependents on the filer’s return. As to the other count, Price-Jones prepared and filed a tax return claiming a dependent who was not a dependent of the filer and claiming cash contributions that the filer did not make.
As part of her plea agreement, Price-Jones agreed to the court ordering restitution of $79,337 to the IRS and restitution to any identifiable victims who suffered losses as a result of her criminal conduct relating to the bankruptcy filing.
This investigation was conducted by the United States Secret Service and IRS Criminal Investigation. Assistant U.S. Attorneys John D. Fabian and Carroll L. Andre' III represented the government.
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