Mortgage Recovery Tax Schemes Are Illegal As One NJ Man Found Out

New Jersey Man Convicted of Promoting Mortgage Recovery Tax Schemes

Mortgage Recovery Tax Schemes

Mortgage recovery tax schemes are illegal as Kenneth Crawford Jr. of Atlantic City found out. A federal jury in Camden, New Jersey, convicted Crawford of conspiring to defraud the IRS and filing false claims. The jury also found him guilty of obstructing the internal revenue laws.

Prosecutors stated at trial that Crawford and others promoted and sold a mortgage recovery tax scheme. The scheme obtained fraudulent refunds for their clients fraudulent from the IRS between 2015 and 2016.

Crawford promoted the scheme to people who were facing foreclosure or behind on their mortgage payments. He sold people on the idea that they could wipe out their mortgage debts by filing tax forms with the IRS.

Read more at MFI-Miami

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