MIAMI (CBSMiami/AP) – A Miami man will have to serve three years of probation and pay $112,000 in restitution to the federal government for a tax scam involving refunds sent to prepaid money cards.
That was the sentenced handed down in federal court on Wednesday to 26-year old Woody Ulysse.
Court documents show that Ulysse’s scheme involved nearly 500 480 fraudulent tax returns which used compromised police and firefighter identities. Instead of having refunds deposited in a bank or mailed, prosecutors say Ulysse had them electronically deposited to Visa, Wal-Mart and other retail money cards.
The cards were then used to make purchases or cash withdrawals. Prosecutors say when he was arrested Ulysse had 11 Wal-Mart money cards loaded with more than $32,000 from fraudulent tax returns.
(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)