Rio Vista, CA, woman sentenced for defrauding the IRS
March 3rd, 2010 - 11:36 am ICT by BNO NewsSACRAMENTO, CALIFORNIA (BNO NEWS) – A Rio Vista, California, woman was sentenced on Tuesday to six months imprisonment for subscribing to a false tax document, U.S. Attorney Benjamin Wagner announced.
Virginia Ferrari, 52, was also sentenced to six months of home confinement while serving one year of supervised release, a fine of $25,000, and a restitution payment to the Internal Revenue Service (IRS) of $913,574.
Ferrari submitted to the IRS an “offer in compromise” to settle for $19,000 debts owed to the IRS, $913,574 for a trust fund recovery penalty and $44,140 income liability, and interests and penalties.
Ferrari demonstrated a continuing pattern of behavior by concealing assets that would be available to pay her debt to the IRS. She omitted four parcels of real property and a bank accounting her financial statement.
The defendant also lied to the probation officer by saying that her home was sold in foreclosure when in reality it was sold in over $2 million.
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Tags: benjamin wagner, bno, california woman, debts, defendant, financial statement, foreclosure, home confinement, imprisonment, internal revenue service, irs, offer in compromise, parcels, probation officer, restitution, rio vista ca, rio vista california, sacramento california, supervised release, trust fund