Tax Fraud Scheme Used ID's Of Children Who Died In 1950s To Conceal $5 Million
SAN DIEGO (AP) - A California man who opened financial accounts in the names of dead children for a tax fraud scheme has been sentenced to nearly five years in federal prison.
Seventy-one-year-old Lloyd Taylor was sentenced Monday in San Diego on 19 felony charges, including identity theft and tax evasion.
Taylor is a former certified public accountant and tax attorney who once ran unsuccessfully for county supervisor in San Francisco. He was arrested last year in San Diego.
Prosecutors say Taylor stole the identities of at least six children who died in the Bay Area in the 1950s, used the information to obtain passports, then opened financial accounts in their names and for more than a dozen tax-exempt, non-existent churches.
Prosecutors say Taylor used the accounts to conceal some $5 million in income.
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