Four Indian-origin individuals have pleaded guilty to a massive fraud in Texas that cost the US government millions of dollars. Subhala Suresh, Matthews Chacko, Anish Pillai, and Mou Kundu defrauded the government by preparing false federal tax returns for their clients that included false expenses. As a result, their clients received refunds which they were not entitled for and the federal government lost money.
All four of them had different clients but they have been described as co-conspirators in court documents. Subhala Suresh is the latest to have pleaded guilty. She faces a maximum penalty of three years in prison and a period of supervised release, restitution and monetary penalties.
Suresh admitted to causing a tax loss to the United States between $250,000 and $550,000.
Mathews Chacko
Chacko's modus operandi was also the same -- showing false business expenses to reduce tax and increase the returns that they were not entitled to. At times, Chacki and his co-conspirators used false business expenses without their clients' knowledge. On some occasions, they informed their clients that they were submitting false information. Chacko admitted to causing a tax loss to the United States exceeding $3.5 million but less than $9.5 million.
Chacko faces a maximum penalty of five years in prison for conspiracy to defraud the IRS.
Anish Pillai and Mou Kundu
Anish Pillai previously pleaded guilty to filing a false tax return and admitted that he caused between $1.5 million and $3.5 million in losses to the United States. Mou Kundu also previously pleaded guilty to filing a false tax return and admitted that she caused between $250,000 and $550,000 in losses to the United States.
Pillai and Kundu both face maximum penalties of three years in prison for helping clients file false tax returns
The sentencing of all four of them is pending.
