Georgia woman who used UI employee info to launder money sentenced to federal prison
Hunter
09/03/21
A Georgia woman who used information of University of Iowa employees to fraudulently obtain tax refunds has been sentenced to 46 months in prison this week.
According to court records, Florence Julio opened bank accounts in Georgia under a fake business name, and used them to launder hundreds of money orders purchased with money coming from fraudulently obtained tax refunds.
CBS 2 reports that over $450,000 in tax refunds using UI employee names and a total of over 1.4 million dollars passed through the fake business accounts during early to mid-2015. In one instance, Julio used $44,000 of those funds to purchase a Mercedes in Nashville.
Julio will serve three years of supervised release after prison.