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Atlanta man gets prison term, making restitution in fraud case

He's sentenced to 27 months in prison for defrauding the Kentucky Department of Revenue and Signature Healthcare
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From U.S. Attorney's office
U.S. Department of Justice, Western District of Kentucky

LOUISVILLE, KY - (Wed 04 Oct 2017) - An Atlanta, Georgia tax consultant was sentenced in United States District Court this week, by Chief Judge Joseph H. McKinley, Jr., to 27 months in prison for committing mail fraud and money laundering associated with a scheme to defraud the Kentucky Department of Revenue and his client Signature Healthcare, announced United States Attorney Russell M. Coleman. There is no parole in the federal system.


Todd Griffin, 46, was a tax credit consultant for a company located in Atlanta, GA. Between April 2013 to June 2014, Griffin fraudulently obtained $499,320 in state tax credits for his client Signature Healthcare (SHC) from the Kentucky Department of Revenue (KDOR). In return for securing the fraudulent tax credits, SHC compensated Griffin with commissions totaling $46,155. Griffin admits that he attempted to conceal his fraud from SHC, to continue to receive their commission and business, by making payments totaling $242,939.92 to KDOR, from his employer's bank account, using funds derived from the scheme.

Griffin submitted fraudulent documents to SHC to make it appear that the KDOR had approved certifications for eligibility for a tax credit program. Griffin then obtained state tax credits based on the fraudulent documents. The KDOR disallowed the credits and contacted Griffin, who had power of attorney for SHC and paid the disallowed tax credits in order to conceal the fraud from SHC.

According to the terms of his plea agreement, Griffin already paid restitution to SHC in the amount of $46,155 prior to sentencing. The amount constituted the commission Griffin received from SHC to apply for tax credits.

This case was prosecuted by Assistant United States Attorney Josh Judd and was investigated by the Kentucky Department of Revenue, Kentucky Attorney General's Office, Internal Revenue Service, Postal Inspection Service, and the Federal Bureau of Investigation (FBI).



This story was posted on 2017-10-06 12:09:55.
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