D.C. Tax Pro Pleads Guilty to Conspiracy and Theft Over False Returns

By Netted nearly $14 million in ill-gotten refunds
|  Tuesday, Oct 4, 2011  |  Updated 5:55 PM EDT
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D.C. Tax Pro Filed 3,000 False Returns

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A District of Columbia tax preparer pled guilty Tuesday to federal charges stemming from her role in a scheme to file more than 3,000 fraudulent federal tax returns which yielded nearly $14 million in refunds.

Ladonna Davis, 28, of the District, pled guilty in U.S. District Court in the District of Columbia to charges of first-degree theft and conspiracy.

Prosecutors say that Davis and others filed approximately 3,044 fraudulent federal income tax returns while working for 2FT Fast Facts Tax Services. Those returns, which listed fraudulent business and false itemized deductions, produced refunds of $13,953,317 for their clients.

Davis and others also filed 665 false District of Columbia tax returns, which produced refunds of about $835,000. Fraudulent returns were also filed in Maryland and Virginia, though the exact number of returns and the amount of refund money generated is unknown.

The date of Davis' sentencing is not yet known. Under federal sentencing guidelines, Davis faces a likely sentence of 57 to 71 months in jail and a fine of $100,000. According to her plea agreement, Davis must also make full restitution. 

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