Feds Arrest 14 In Alleged Tax Refund Fraud Scheme

Federal officials in New Jersey are announcing the arrests of 14 people in what they say was a long-running tax refund fraud scheme.

U.S. Attorney Paul Fishman says the scheme is one of the largest ever uncovered and involved more than 8,000 bogus income tax returns seeking more than $65 million in illegal refunds.

CHARGES: Read the full charges

The defendants are charged with conspiracy to defraud the U.S. and theft of government property. It's estimated the scheme created $11 million in losses.

The U.S. Attorney's Office is planning a news conference today to detail the charges.
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