A year in prison, $961,000 restitution in Louisiana tax case

Louisiana News

LAKE CHARLES, La. (AP) — Federal prosecutors say a Louisiana man has been sentenced to serve a year in prison and pay more than $960,000 in restitution on federal tax fraud charges.

A news release from Acting U.S. Attorney Alexander Van Hook in Lake Charles says 54-year-old Alfredo Franco of Sulphur was sentenced Thursday.

Prosecutors say Franco was a business owner who pleaded guilty in February. Prosecutors said he submitted fraudulent tax returns for 2015, 2016 and 2017 — omitting close to $2.6 million in receipts for those years.

That led to him fraudulently lowering his tax liability by hundreds of thousands of dollars.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

Don't Miss

Trending Stories