WOMAN SENTENCED TO PRISON FOR WIRE FRAUD, FILING FALSE RETURNS She took money from bank accounts she was managing and did not report the income to IRS.

[vc_row][vc_column][vc_column_text]A Colorado woman was sentenced to 37 months in prison and ordered to pay $410,889 in restitution for wire fraud and filing false tax returns.

According to court records, Debra Campbell, 66, of Grand Junction, Colorado, owned and operated a company that managed the finances of homeowners’ associations (HOAs).

Starting in March 2015, Campbell began making unauthorized transfers to her bank accounts from some HOA bank accounts and used that money for her personal expenses. Campbell selected HOAs whose boards did not monitor their bank accounts or finances.

In order conceal and perpetuate her theft, Campbell regularly altered HOA bank statements, so they did not reflect the unauthorized transfers and falsely reflected a higher balance than actually existed in the account. In this manner, between March 2015 and April 2018, Campbell stole more than $250,000 from 23 of her client HOAs.

Campbell also failed to include the income gained from her scheme on her 2014-2017 tax returns, substantially underreporting her income and resulting in a tax loss to the federal government of more than $150,000.

Campbell was also ordered to serve three years of supervised release.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][us_image][/vc_column][/vc_row][vc_row][vc_column][us_image image=”3584″][/vc_column][/vc_row]