A Woodbridge man was indicted on federal charges Thursday for allegedly swindling the Internal Revenue Service of more than $700,000 using about 200 falsified tax return forms between June 2006 and January 2007.
According to court records, Kwabena Nyantaki formed two companies, Christian Assistance Foundation Inc. and Best Buy Driving, and used them as employers who paid him, under various aliases, nearly $50,000 a year.
Nyantaki would then file tax returns indicating payroll taxes had been beyond his earned salary, resulting in hundreds of tax returns between $5,000 and $9,000, records said.
Police say he opened bank accounts using stolen identities to deposit the cash, and then organized wire transfers to centralized accounts, records said. In one wire transfer, Nyantaki allegedly sent $36,625 to Ghana, and in another he allegedly sent $100,000 to a bank in the United Arab Emirates.
