Rocket Refund owner gets prison for tax fraud convictions - WSFA.com Montgomery Alabama news.

Rocket Refund owner gets prison for tax fraud convictions

File Photo: A moving vehicle removes evidence from the Rocket Refund store in 2008. File Photo: A moving vehicle removes evidence from the Rocket Refund store in 2008.
MONTGOMERY, AL (WSFA) -

The owner of a Montgomery tax preparation service doing business as Rocket Refund learned his fate for tax fraud convictions during a sentencing hearing Wednesday.

Michael T. Chappell, 53, will serve four and a half year in prison for filing false and fraudulent federal income tax returns. He'll also have to pay $7,000 in restitution to the United States.

District Judge W. Keith Watkins handed down the sentence.

Chappell managed Rocket Refund at locations on Lower Wetumpka Road and Airbase Boulevard in Montgomery.

Chappell entered a guilty plea on April 20, 2011.

In the plea, Chappell admitted that he and his employees prepared thousands of false federal income tax returns so they could benefit from maximized refunds to customers. The falsifications were achieved by manipulating figures that resulted in the maximum amount available in the Earned Income Credit amounts.

Prosecutors say Rocket Refund used the fraudulent practice from 2005 to 2008, and the business was bold enough to apply for individual refunds for clients who were not even employed. The ill-gotten returns netted $2,600 to $4,800 per filing.

While Chappell will only be required to pay the government $7,000, Judge Watkins determined the government's loss at well over $7 million. It wasn't known what happened to the other $6.99 million.

"I'm pleased with the outcome..." IRS Special Agent In Charge Reginael D. McDaniel said.

Copyright 2011 WSFA 12 News. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Mother charged with killing teenage daughter

    Mother charged with killing teenage daughter

    Wednesday, August 23 2017 6:50 AM EDT2017-08-23 10:50:33 GMT
    Wednesday, August 23 2017 6:50 AM EDT2017-08-23 10:50:33 GMT

    Burned remains found on the mother’s farm were identified as those of her 16-year-old daughter, who she gave up for adoption when she was a baby.

    More >>

    Burned remains found on the mother’s farm were identified as those of her 16-year-old daughter, who she gave up for adoption when she was a baby.

    More >>
  • Investigator: P&G employee left 15-month-old that died unattended in car all day

    Investigator: P&G employee left 15-month-old that died unattended in car all day

    Wednesday, August 23 2017 10:46 PM EDT2017-08-24 02:46:23 GMT
    A toddler has died after being left in a car that was in the Mason Procter and Gamble parking lot on Wednesday, according to the Warren County coroner. (Source: WXIX)A toddler has died after being left in a car that was in the Mason Procter and Gamble parking lot on Wednesday, according to the Warren County coroner. (Source: WXIX)

    A 15-month-old girl has died after being left in an SUV that was in the Mason Procter and Gamble parking lot on Wednesday, according to Warren County Coroner Dr. Russell Uptegrove. 

    More >>

    A 15-month-old girl has died after being left in an SUV that was in the Mason Procter and Gamble parking lot on Wednesday, according to Warren County Coroner Dr. Russell Uptegrove. 

    More >>
  • Solicitor: Suspect in deadly Conway bank robbery to face two counts of murder, other charges

    Solicitor: Suspect in deadly Conway bank robbery to face two counts of murder, other charges

    Wednesday, August 23 2017 6:21 PM EDT2017-08-23 22:21:40 GMT
    Front: Brandon Council (Source: Conway Police), Background: The scene in Greenville, NC where Council was apprehended. (Source: WITN reporter Lynnette Taylor's Facebook Live)Front: Brandon Council (Source: Conway Police), Background: The scene in Greenville, NC where Council was apprehended. (Source: WITN reporter Lynnette Taylor's Facebook Live)

    The person of interest in the double-murder and bank robbery in Conway on Monday is in custody. Brandon MIchael Council was arrested in Greenville, North Carolina Wednesday, along with two other people, authorities there confirmed.  Brandon Michael Council was wanted for questioning in connection with the murder of two CresCom bank employees during a bank robbery at the CresCom Bank in Conway on Monday afternoon.

    More >>

    The person of interest in the double-murder and bank robbery in Conway on Monday is in custody. Brandon MIchael Council was arrested in Greenville, North Carolina Wednesday, along with two other people, authorities there confirmed.  Brandon Michael Council was wanted for questioning in connection with the murder of two CresCom bank employees during a bank robbery at the CresCom Bank in Conway on Monday afternoon.

    More >>
Powered by Frankly