Binghamton Man Tries for $6 Million Tax Refund While in Jail
A Binghamton man will be sentenced in September after being found guilty of trying, unsuccessfully, to get a $6.1million income tax refund.
40-year-old Kareem Young was convicted May 3 following a four-day federal trial. He faces up to five years in prison for filing a fraudulent claim with the IRS.
Officials with the United States Attorney Northern District say Young filed a 2013 tax return claiming income of $6,125,000 and federal tax withholdings of the same amount. The return also sought a refund of $6,125,000. Officials say Young’s actual income was $3,127.36 for 2013.
To help his case along, Young reportedly made up withholdings while in state prison claiming credits from the Broome County District Attorney which prosecuted him.
The IRS reviewed Young’s filing and gave him a chance to file a corrected return which he failed to do and persisted in his attempts to get the $6.1 million refund.
The IRS never issued a refund.