A Nevada woman received a four-year-plus prison sentence for her role in a scheme that falsely claimed nearly $100 million in COVID-19-related employment tax credits.
Candies Goode-McCoy, formerly of Las Vegas, conspired with others to file fraudulent tax returns seeking refunds under the employee retention credit and paid sick and family leave credits, the Department of Justice said. She will also serve three years of supervised release following her prison term.
Between June 2022 and September 2023, McCoy submitted more than 1,200 tax returns for her own businesses and those of clients, falsely claiming over $98 million in credits. The IRS paid approximately $33 million as a result of the scheme. McCoy personally received more than $1.3 million through fraudulent filings, as well as roughly $800,000 from clients for submitting the false returns.
According to the DOJ, McCoy used the funds to finance vacations, luxury vehicles, other goods, and gambling at casinos.
McCoy pleaded guilty to one count of conspiracy to defraud the government and must pay $26 million in restitution to the IRS.
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