Former Banker Arrested in D.C. Tax Scandal
posted 5:09 pm Tue December 04, 2007 - Greenbelt, Md.
Walter Jones is accused of helping to transfer cash to other conspirators in the alleged scheme to take money from illegal property tax refunds. The Essex, Maryland, man was fired from his job in January because of questionable transactions. Jones is the seventh person charged in the probe that was centered at the D.C. Office of Tax and Revenue.
Federal prosecutors said Harriette Walters, a mid-level tax manager, issued illegal refunds to fictious companies and shared the wealth with family members and associates. She and five others were arrested on Nov. 7.One analysis puts the losses at more than $44 million.
According to FBI documents, Jones provide key banking help in the scheme. One of the conspirators told Bank of America officials she had given Jones gifts and a loan of $145,000.
Information from: The Washington Post, http://www.washingtonpost.com
Latest Comment on Former Banker Arrested in D.C. Tax Scandal
preoccupied
8:12 am on 12/05/07
I agree concernedvoice. Too many people involved. It got out of hand and the folks got greedy. They were N2 deep. Seeing these people flaunt sudden wealth, and expensive clothes, purses, homes, etc. I wonder if someone knew, but wasn't involved or someone who felt a pinge of jealousy blew the whistle
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