Babatunde Olusegun Taiwo, a St. Louis resident, will serve a four year prison sentence for filing fraudulent tax returns using citizens’ stolen personally identifiable information (PII).
Taiwo and his co-conspirators filed more than 2,000 fraudulent tax returns, totaling over $12 million. The claims requested the refunds to be mailed to the criminals’ addresses. They managed to collect $889,712 before they were discovered.
wThe PII became compromised after a data breach at a payroll company. The amount and type of PII was enough to file false tax returns. The bulk of the victims were school employees from Alabama and Mississippi.
Along with a prison sentence followed by three years of supervised release, Taiwo was also instructed to pay back every cent he gained fraudulently.