COLUMBIA, SC (WMBF) - A 40-year-old man has pleaded guilty in federal court to three charges of preparing and filing false tax returns, according to U.S. Attorney William Nettles.
Bruce E. Richardson, of Columbia, admitted to preparing and filing 2006 tax returns that included inflated refund amounts for three separate individuals. The inflated amounts, according to Nettles, were based on fictitious and fraudulent information, including false earned income credit, education credits, real estate taxes, home mortgage interest and gifts to charity.
Richardson also admitted in court to having the inflated refund amounts directly deposited into banking accounts that he owned or controlled.
The maximum penalty Richardson faces on each of the three counts is five years in prison and a $250,000 fine.
Senior U.S. District Judge Matthew J. Perry Jr. will sentence Richardson on a later date.