Former Binghamton man convicted of $1 million IRS tax refund scam
BINGHAMTON, N.Y. (AP) — A former Binghamton man faces up to 30 years in prison after being convicted of scamming the Internal Revenue Service out of more than $1 million in fraudulent tax refunds.
The U.S. Attorney's Office says Monday that 45-year-old Douglas Cavanaugh Jr. was convicted last Wednesday after a three-day trial in federal court in Binghamton. He was found guilty of six counts of filing false claims for tax refunds from the IRS totaling nearly $1,045,600.
Cavanaugh was indicted in December 2010 and arrested last March after he got off a plane at Los Angeles International Airport from Brisbane, Australia, where he resided at the time.
Federal prosecutors say he had filed false Form 1040 tax refund claims for himself and members of his family.
Sentencing is scheduled for March 2, 2012.Updated: Monday, November 14, 2011, 12:36 PM
The Associated Press