Wednesday, September 01, 2021

Georgia Woman Sentenced to Prison for Money Laundering Involving the Theft of University of Iowa Employee Identifications

 DAVENPORT, IA- On Monday, August 23, 2021, Florence Rosale Julio, age 39, of Brunswick, Georgia, was sentenced by United States District Court Judge Rebecca Goodgame Ebinger to 46 months in prison for conspiracy to commit money laundering in connection with a scheme to obtain federal tax refunds by fraud using the identification information of dozens of University of Iowa employees announced Acting United States Attorney Richard D. Westphal.  Julio was ordered to serve three years of supervised release following the period of imprisonment and pay $100 to the Crime Victims’ Fund.

Julio opened bank accounts in Georgia under a fictitious business name and used them to launder hundreds of money orders purchased with the proceeds of the fraudulently obtained tax refunds. More than $450,000 in tax refunds using University of Iowa employees’ names were obtained fraudulently through the overall scheme and more than $1,400,000 in fraudulently obtained funds passed through the fictitious business accounts during early to mid-2015. In April of 2015, Julio had $44,000 in laundered funds sent to a Nashville, Tenn. car dealer to purchase a Mercedes Benz automobile.

The investigation was conducted by the Internal Revenue Service – Criminal Investigations and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

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