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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.

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

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70 million in bonuses IRS


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