Washington (Aug. 19, 2004) -- A Columbus, Ohio, tax return preparer was found guilty in a sale-leaseback scheme that bilked at least four clients out of as much as $25,000 each, the Department of Justice announced.
As a part of a scheme to create false deductions for his clients, the DoJ said Christopher M. Streifender, 53, solicited investments from his clients into fraudulent “sale-leaseback” agreements that he represented would allow them to purchase property from a third party and generate a return on their investment by leasing the property back to the original owner. Streifender kept the money and used it to pay previous clients and for his own benefit, the DoJ said.
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