According to the U.S. Attorney’s Office for the Middle District of Florida, Tucker created and submitted fraudulent tax documents claiming fictitious gambling winnings and losses to generate improper tax refunds. The intended total of false claims approached $60 million, although the actual amount paid out by the IRS was slightly over $15 million.
In his sentencing, U.S. District Judge Virginia Covington ordered Tucker to serve seven years and six months in prison. In addition to incarceration, Tucker must forfeit approximately $1.35 million in personal profits from the scheme and pay more than $15 million in restitution to the IRS.
Investigators revealed that Tucker used portions of the fraud proceeds on a lavish lifestyle, including the purchase of expensive jewelry.
The Department of Justice emphasized that individuals who attempt to abuse the tax system for personal gain will face severe penalties under federal law.