Gabriella Rudy is a news associate for NBC News.
Two tax preparers have been charged with defrauding the federal government of $65 million in Covid relief funds, according to federal prosecutors in Tennessee. Renata Walton, 44, and Nicole Jones, 36, were recently indicted on over 50 counts, including wire fraud, money laundering, preparing false tax returns and obstruction of justice, the U.S. Attorney's office in Memphis said this week in a news release.
' Prosecutors said Walton and Jones, both from Olive Branch, Mississippi, applied for tax credits for their clients under the Employee Retention Credit and the Sick and Family Leave Credit, but the clients were not entitled to them. Yet the clients received six-figure tax refunds and repaid Walton and Jones with large fees that the two women laundered through local banks, prosecutors said. The U.S.
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