New Jersey

Bulgarian Man Admits Role in $6 Million Tax Return Scheme

Federal prosecutors in New Jersey say a Bulgarian citizen has admitted his role in a $6 million fraudulent tax return scheme.

They say 32-year-old Vanyo Minkov was part of a ring that used personal information stolen from multiple accounting firm networks. He pleaded guilty Monday to conspiring to file false and fraudulent tax returns.

Prosecutors say that in late 2012, the conspirators hacked into the networks of at least four accounting firms and stole the 2011 tax filings for more than 1,000 clients. They used the information to file fraudulent returns or sold the information to others for the same purpose.

The IRS has identified more than $6 million in fraudulent claims made in connection with the scheme.

Minkov faces up to 10 years in prison when he's sentenced Oct. 13.
 

Copyright AP - Associated Press
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