A Los Angeles-area real estate broker faces a potentially lengthy prison sentence after pleading guilty to filing 10 false tax returns seeking nearly $68,000 in fraudulent first-time homebuyer tax credits and earned income tax credits.

Kashawn Monique Savery, who’s been doing business as Cornerstone Realty Group in Encino as a licensed broker since 2006, admitted at a hearing Monday to being involved in filing more than 200 false tax returns seeking more than $1.3 million in fraudulent claims, prosecutors said.

A Los Angeles-area real estate broker faces a potentially lengthy prison sentence after pleading guilty to filing 10 false tax returns seeking nearly $68,000 in fraudulent first-time homebuyer tax credits and earned income tax credits.

Kashawn Monique Savery, who’s been doing business as Cornerstone Realty Group in Encino as a licensed broker since 2006, admitted at a hearing Monday to being involved in filing more than 200 false tax returns seeking more than $1.3 million in fraudulent claims, prosecutors said.

Most of the 231 suspicious tax returns for the 2008 tax year discovered during the execution of a search warrant earlier this year were were filed from a computer at Savery’s condominium in Reseda, Calif., prosecutors said. Other suspicious tax returns linked to the same computer were allegedly filed in recent months for the 2009 tax year.

Savery faces a maximum sentence of 50 years in federal prison and a $2.5 million fine when she is sentenced Oct. 18 by U.S. District Judge Dale Fischer.

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