- Days left

Feds Seek Convicted Connecticut Financier's Tax Refund

 Handout via Connecticut Post
Handout via Connecticut Post


Federal prosecutors want a Venezuelan-American financier to hand over a large tax refund while he awaits sentencing in a massive Connecticut-based fraud scheme.

Prosecutors say Francisco Illarramendi misused an earlier refund and faces paying restitution that could be hundreds of millions of dollars.

Prosecutors say they believe the refund check to Illarramendi and his wife exceeds $2 million and want it deposited with the court pending his Stepember sentencing.

Illarramendi pleaded guilty in 2011 to several counts of fraud and conspiracy to obstruct justice in a scheme to conceal huge losses. His biggest client was a pension fund for state oil workers in Venezuela.

Illarramendi's attorney didn't object. But a lawyer for Illarramendi's wife believes the check must be deposited with a judge overseeing the case and says she wants a portion to pay her living expenses.




Increase your money and finance knowledge from home

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

Timing Your Spending

How to pay less by changing when you purchase.

View Course »

TurboTax Articles

Amending Your Income Tax Return

What if you've sent in your income tax return for a previous year and then discover you made a mistake? You can make things right by filing an amended tax return. And, don't think an amended return will automatically cost you money; it's perfectly okay to change a return to capture a tax break you missed the first time around.

How to File Taxes with IRS Form 1099-MISC

If you receive tax form 1099-MISC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular employment income reported on a W-2.

What If I Did Not File My State Taxes?

At the time of this writing, the only states that do not charge a state income tax are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. If you live or earn money in one of the other 41 states or the District of Columbia, you may need to file a state income tax return by April 15. It is a separate and independent requirement from filing your federal tax return and failure to file it on time may result in interest and penalty charges.

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
setanta54s_back

EXCUSE ME
the MORONS OF THE IRS sent out HOW MANY REFUND CHECKS
TO THE SAME FREEEEEEEKIN ADDRESS ?

will THEY GET AFTER THEM ?

search this sentence
IRS Sent $46 Million in Tax Refunds to 23,994 ‘Unauthorized’ Aliens — All at the SAME Address in Atlanta

and search
70 million in bonuses IRS

etc

why aren't the HARD WORKING TAX PAYERS screaming and DEMANDING ACTION ?

June 29 2013 at 10:16 AM Report abuse rate up rate down Reply