Accountants Charged With Gas Tax Fraud

CHICAGO (CBS) — Officials have charged the operators of an financial firm with trying to cheat the State of Illinois out of more than $5 million in taxes owed by gas stations.

The Illinois Attorney General’s office and Department of Revenue announced charges against accountant Naveed Ahmed and his brother, Asif Waheed, with preparing fraudulent sales tax returns for six gas station owners. Ahmed owns the firm Midwest Financial, which handled the fraudulent taxes, while his brother works for him.

A Cook County grand jury indictment claimed Midwest Financial is known among gas station owners for lowering their owed sales taxes. Authorities say Ahmed and Waheed lied about the gas station owners’ sales taxes on the state Sales and Use Tax return forms to lower the owed taxes.

Some gas station owners also provided incomplete sales data to Midwest Financial, and Waheed fabricated their sales figures for them, authorities said.

Ahmed and Waheed are charged with 27 counts of mail fraud, wire fraud, and filing fraudulent state sales tax returns, all of which are Class 3 felonies punishable by 2 to 5 years in prison. They were arrested Wednesday and are both being held on $400,000 bond.

  • Clint Eastwood

    Geeez I thought we didn’t charge immigrants any income tax to live here, and then these bozo’s gotta cheat the Gov’t out of what they have rightfully coming? Freeze their assets, take them to court, comfiscate thier gas stations and deport them back to the Middle East where they belong!

    • jay

      you sound like an ignorant, racist person that needs to grow up.

    • Jim

      Go back to school,
      You are just a racist, who do not know the geography .

    • Annie

      Immigrants from the Middle East tend to collaborate together and take advantage of all the good things we have here in the United States. Now the only people who will suffer are the citizens of the U.S and in this case Illinois. Since the Illinois government is already bankrupt, after this incident it will just get worse. Now there will be even less spent on education and less spent on health care.

  • Accountants Charged With Gas Tax Fraud « CBS Chicago | Tax Identification Number

    […] See the original post here:  Accountants Charged With Gas Tax Fraud « CBS Chicago […]

  • Travis McArthur

    Where should we deport Blagojevich and Ryan? Heck, I want Quinn out of this country for abolishing death penalty.

    Eastwood: Why don’t you join them minuteman and save America? Your patriotism would come handy at the border.

  • Wait Just A Minute Man

    Blagojevich should be relocated to Los Angeles, Ca. with the rest of the nuts. Ryan should go home to Kankakee.

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