March 25, 2019 02:56 PM
The Minnesota Department of Revenue has announced that the Ramsey County Attorney's Office recently charged a Shoreview owner of a tax preparation service with multiple felonies.
According to a release, Olufemi Augustine Badejo is charged with four counts of filing a false income tax return, four counts of knowingly preparing tax returns that were fraudulent or false and one count of filing a false property tax refund claim.
The release alleges Badejo, the owner of New Horizon Investments, defrauded the state of well over $214,000 through his actions. It claims he knowingly placed false information like fraudulent business expenses and fake charitable contributions on his clients' tax returns in order to reduce their taxable income and increase their refunds.
It also alleges he filed false tax returns from 2014-17 that failed to accurately state his taxable income, as well as claiming he filed a false property tax return in 2016. It alleges he owes nearly $23,000 in tax, penalties and interest.
Updated: March 25, 2019 02:56 PM
Created: March 25, 2019 02:51 PM
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