IDENTITY THEFT
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Jersey Metropolis Attorney Charged with Wire Fraud and Aggravated Id Theft | USAO-NJ

NEWARK, N.J. – A Jersey Metropolis legal professional was billed with defrauding his customers of additional than two million pounds, U.S. Lawyer Philip R. Sellinger declared nowadays.

James R. Lisa, 67, is charged by indictment with 3 counts of wire fraud and 4 counts of aggravated identity theft. He was arraigned now by videoconference before U.S. Justice of the peace Choose José R. Almonte, pleaded not responsible and was launch on $100,000 unsecured bond. 

According to files submitted in this scenario and statements produced in court:

In 2014, Lisa was retained by a family to support repatriate tens of millions of dollars that had been transferred by other relatives users to offshore financial institution accounts a long time earlier. Lisa was also retained to enable solve the tax concerns associated to the repatriation of the cash. In 2015, Lisa effectively repatriated a lot more than $6 million of the family’s resources, but proceeded to falsely suggest the loved ones that the funds remained offshore. In 2017, Lisa furnished $4 million of the repatriated resources to the loved ones but ongoing to falsely represent that the remaining $2 million remained over and above his control. 

Lisa falsely instructed the household that he efficiently solved the tax implications of repatriating the resources. In 2016, Lisa sent the family members a fraudulent IRS “closing agreement” reflecting an arrangement with the IRS for the family to shell out $3 million in taxes and penalties for the repatriated funds. In 2018, Lisa sent the loved ones a further fraudulent closing agreement reflecting an settlement with the IRS for the family to fork out $2 million in taxes and penalties mainly because only $4 million was purportedly repatriated. In simple fact, the IRS never entered into these agreements and the IRS staff members who purportedly signed the documents hardly ever did so.

Each individual count of wire fraud carries a greatest penalty of 20 several years in prison and a wonderful not to exceed $250,000. Each individual depend of aggravated id theft carries a statutory required penalty of two several years in jail, which must operate consecutively to any other expression of imprisonment, and a fine not to exceed $250,000. 

The fees and allegations contained in the indictment are basically accusations, and the defendant is presumed harmless except and until finally confirmed guilty. 

U.S. Attorney Sellinger credited special brokers with the Office of the Treasury Inspector General for Tax Administration (TIGTA), Mid Atlantic Subject Division, beneath the route of Unique Agent in Cost Andrew McKay and IRS – Felony Investigation, Newark Discipline Workplace, under the way of Acting Exclusive Agent in Cost Tammy Tomlins, with the investigation major to the prices. 

The government is represented by Assistant U.S. Attorney Jeffrey Bender of the U.S. Attorney’s Business office in Camden.

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