Apr.08, 2010, 7:24 PM ET, Source: Associated Press
PHOENIX (AP) - Federal authorities say two Phoenix men have been indicted on money laundering and tax related charges.
The U.S. Department of Justice and Internal Revenue Service announced Thursday that Gino Carlucci was charged with conspiracy to commit money laundering, filing a false income tax return and witness tampering. Authorities say Wayne Mounts was charged with conspiracy to commit money laundering and conspiracy to defraud the federal government.
According to the indictment, Carlucci and Mounts created a scheme to defraud a tax return preparer and his clients of funds and assets by operating a fraudulent casino investment scam in Antigua.
Authorities say Carlucci filed a false income tax return for 2004 that failed to report any of the money he received in the scheme. They say Mounts failed to file a tax return for 2004 despite receiving substantial income from the scheme.