Zimbabwe man pleads guilty in OH tax-fraud scheme
Tuesday, December 18, 2012 1:14 AM
CINCINNATI (AP) - A Zimbabwe man accused in an Ohio-based tax fraud case that prosecutors say netted him and six others up to $10 million has changed his plea to guilty.Kudzaishe Bungu pleaded guilty in federal court on Monday to one count of engaging in monetary transactions. Other charges were dropped in exchange for his cooperation.
Bungu now faces up to 10 years in prison. He would have faced up to 60 years had he been convicted of all the charges.
Another defendant in the case, Tawanda Marimbire, also is set to plead guilty on Jan. 10.
Authorities say seven men with Zimbabwe ties ran a tax preparation business in Cincinnati, and used the identities of at least 658 people to file false returns, collecting between $2.4 million and $10 million.