A Marion County man has been sentenced to three years in federal prison for orchestrating a fraudulent tax scheme that resulted in over $708,000 in losses to the Internal Revenue Service (IRS).
Jack Lee Oliver, 56, of Rivesville, was convicted on 26 charges, including the preparation and filing of false tax returns. The sentencing follows an investigation by the IRS Criminal Investigation unit, revealing that Oliver manipulated tax filings for personal gain while operating an insurance and tax preparation business in Fairmont.
Oliver was the owner of Insurance Depot, a business specializing in insurance sales and tax return preparation. According to court records, he engaged in a pattern of fraudulent tax filings that misrepresented financial losses on behalf of his clients—without their knowledge.
Investigators found that Oliver:
Fabricated business losses for clients who did not own businesses.
Inflated expenses for legitimate businesses, making them appear to operate at a loss.
Falsely claimed dependents, including listing a foster child belonging to one of his clients on his own tax returns to secure illegitimate tax credits.
Helped clients obtain tax refunds they were not entitled to, without their awareness.
These deceptive practices ultimately cost the federal government hundreds of thousands of dollars.
In addition to his three-year prison sentence, Oliver will serve one year of supervised release following his incarceration. He has also been ordered to cooperate with the IRS to repay the fraudulent tax claims.
The case was prosecuted by Assistant U.S. Attorneys Jarod Douglas and Eleanor Hurney and was the result of a thorough investigation by the IRS Criminal Investigation unit.
Cases like Oliver’s highlight the IRS’ ongoing efforts to combat tax fraud and financial crimes in West Virginia and beyond. Fraudulent tax filings not only harm government resources but also jeopardize the integrity of the tax system.
Residents are encouraged to verify their tax preparers’ credentials and remain vigilant against fraudulent filing practices. Anyone suspecting tax fraud or identity theft can report suspicious activity to the IRS Criminal Investigation division.
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