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Former Bank of America Manager Sentenced for D.C. Tax Scam

By Matt Squire

A former Bank of America manager has been sentenced to 78 months in prison for laundering the profits of a $48 million property tax scam in the District of Columbia. Walter Jones, a former assistant manager for Bank of America, plead guilty in May to conspiracy to commit money laundering as part of scheme to issue fraudulent tax returns to government workers. Employees of the D.C. Office of Tax and Revenue approached Jones to be part of the fraud, which took place between 2000 and 2006. On Monday, U.S. District Judge Alexander Williams Jr. sentenced Jones to 78 month of...

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