An Arizona man was recently sentenced for a yearslong scheme to steal millions of dollars through fake businesses, bogus tax return and phony COVID relief loans.
Roy Layne was sentenced to four years in prison for stealing nearly $900,000 from the IRS and federal loan programs.
The St. David man’s scheme involved filing false IRS and payroll documents, getting a Tucson business license, and opening bank accounts for companies that didn’t exist.
Layne received over $300,000 in pandemic relief, and it didn’t stop there.
Investigators say he also used someone else’s identity to file bogus tax returns, asking for more than $7 million in refunds. The IRS sent just over half a million before catching on.
Layne’s sentence also includes restitution payments of nearly $900,000.
