CPAs Indicted in Billion North Texas Tax Shelter Scheme

By Hojun Choi, The Dallas Morning News (TNS) Three more people now face federal charges related to a tax scheme that authorities say hid $1 billion...

November 23, 2022
1:52 AM

By Hojun Choi, The Dallas Morning News (TNS) Three more people now face federal charges related to a tax scheme that authorities say hid $1 billion in income from the IRS. Kevin McDonnell and James Richardson, CPAs who co-own the Waxahachie tax and accounting firm McDonnell Richardson, along with Craig Fenton, a tax manager at the firm, were indicted in connection with the case, the U.S. attorney's office for the Northern District of Texas announced Wednesday. The case centers around Dallas tax attorney Joseph Garza, 79, whom authorities have described as the 'mastermind' of the scheme and who faces more than 40 charges related to wire fraud and filing falsified tax returns.

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