This Couple’s Tax Fraud and Money Laundering Scheme Was Very Dirty

A couple from Maryland, James and Maureen Wilson, was indicted for conspiracy, mail fraud, wire fraud, money laundering, identity theft and filing a false tax return in connection with a life insurance scheme.

 

Starting in 1996 the Wilsons sought to obtain more than 30 life insurance policies worth more than 20 million dollars on behalf of applicants. The policies were obtained using false information, including the amount of the applicant’s existing life insurance coverage, the applicant’s health and the applicant’s income.

 

The Wilsons later forged the signatures of the life insurance applicants and made themselves the beneficiaries of the policies. As a result, they received more than 8 million dollars in life insurance proceeds.

 

In order to launder and conceal these funds, the Wilsons controlled multiple bank accounts, some in their names and several with nominee owners.

 

In 2018 and 2019 they filed false tax returns and failed to report millions of dollars of illegally obtained life insurance proceeds.