Identity Theft Lexington Man Sentenced to 175 Months

A Lexington, Ky., man, who previously admitted to leading a conspiracy to use stolen identities to file false federal income tax returns, has been sentenced to 175 months in prison.

Under federal law, Pierce will have to serve at least 85 percent of his prison sentence. Pierce previously pleaded guilty and admitted that he devised a scheme to obtain federal income tax refunds by fraud. Pierce accomplished this by creating false tax returns in the names of other members of his conspiracy and other individuals whose identities were stolen and supplied to him by his co-conspirators. Pierce invented details about the lives of these taxpayers, including where they lived and worked, their incomes, and their expenses.

http://liarcatchers.com/identity_theft_investigation.html

On Wednesday, U.S. District Judge Danny C. Reeves sentenced 52-year-old David C. Pierce for wire fraud, aggravated identity theft, and conspiring to defraud the United States. Judge Reeves ordered $636,379 to be paid in restitution; of that amount, Pierce and another co-defendant are jointly and severally liable for $107,500.

During a two-year span, Pierce fraudulently claimed over $3.7 million in tax refunds and received over $600,000 in payments from the Internal Revenue Service.

Three of Pierce’s co-conspirators have also been sentenced for their roles in the conspiracy.

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