Phenix City woman sentenced in $2.5 million stolen identity tax refund fraud ring


MONTGOMERY, Ala. – A Phenix City woman was sentenced to serve five years in prison today for her involvement in a stolen identity tax fraud scheme.

Teresa Floyd, 53, was also sentenced to serve 60 months in prison to be followed by three years of supervised release and was ordered to pay $734,565 in restitution to the IRS.

According to court documents, between March 2011 and May 2014, Floyd and Davis operated several tax preparation businesses in the Phenix City area, including T & L Tax Service.

Floyd obtained stolen identities which, according to allegations in the superseding indictment, she and her co-conspirators then used to file more than 900 false federal income tax returns that claimed more than $2.5 million in tax refunds.  Floyd, Davis and others caused the fraudulently obtained refund checks to be cashed at several businesses in Alabama and Georgia.



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