Industry News

Ohio tax preparer imprisoned for real estate fraud

Must pay more than $20,000 in restitution

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

An Ohio tax preparer was sentenced to two years in prison and more than $20,000 in restitution in the wake of her guilty plea in a mortgage fraud case, media reports said. Holly R. Coleman of Mayfield Heights, Ohio, was sentenced to 24 months imprisonment, followed by three years of supervised release, based on her guilty pleas to a three-count information charging her with aiding and assisting the preparation of false income tax returns, making false claims for income tax refunds in her own name, and mail fraud involving a fraudulent mortgage loan application, reports said. Coleman was ordered to pay restitution of $3,896 to the Internal Revenue Service and $17,454 to National City Home Loan Services Inc., according to reports. Coleman was ordered to self-report to prison and remains on bond, reports said. Coleman pleaded guilty to the charges on Feb. 21, 2006, in a written plea agreement, according to reports. According to the plea agreement, Coleman was self-employed as an account...