SENATOBIA, Miss. — A Mississippi man has been found guilty of defrauding the IRS out of nearly $1.7 million.
Terry Benson, 47, of Senatobia, was charged with Theft of Government Funds, Mail Fraud, and Passing Fictitious Instruments, according to a release from District Attorney D. Michael Dunavant.
Benson was found guilty of defrauding the IRS by submitting fictitious financial documents in the amounts of $393,053.78 and $1.3 million and numerous other fraudulent documents.
The IRS sent him a refund check for $297,311.12.
According to the release, Benson used the money to open accounts with Morgan Stanley and Regions Bank.
He purchased a mobile home and other personal items.
In addition, Benson was found guilty of using the U.S. mail in furtherance of these crimes.
He sent the IRS a fictitious money order as a Tax Account Settlement Payment, which was applied to balances he owed for tax years 2006, 2007 and 2010, according to the release.
The IRS issued him a refund for the overage amount after applying the amount to his debt.
Benson also filed documents naming Regions Bank, Shelby County Juvenile Court the IRS and others as debtor while identifying himself as a creditor, according to the release.
On March 19, 2019, Benson was indicted for theft of government funds, mail fraud, and passing a fictitious financial instrument.
A sentencing hearing is set for February 25, 2021, before U.S. District Court Judge Mark Norris.
According to the release, Benson faces up to 10 years for theft of government funds, up to 20 years for mail fraud and up to 25 years for passion fictitious instruments.
© 2020 Cox Media Group