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Six more charged in tax credit scam

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Catherine Hanaway.

By Matt Sepic, KWMU

St. Louis, MO. – Federal prosecutors in St. Louis say six more people have been charged with
mail fraud and money laundering in an alleged $2 million state tax credit scam.

U.S. Attorney Catherine Hanaway says the men falsified computer purchases in order to get transferable tax credits intended for economic development.

Hanaway says the suspects then allegedly sold the credits to Missouri taxpayers through a broker.

This is the worst kind of abuse. These people have allegedly taken a program that was intended to assist Missourians and used it purely for their own profiteering.

Five of the suspects face federal charges. A sixth has been charged in state court.

Five additional people have already pleaded guilty to state charges in the case, and are paying restitution.

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