Parker CPA indicted; accused of embezzling at least $2.5M

A Parker CPA has been indicted for fraud and the preparation of false IRS tax returns.

Donald Iley, 52, who operated Iley & Associates of Centennial, is accused by the U.S. Attorney's Office and the IRS of wire fraud, mail fraud, and aiding and assisting in the preparation of false tax returns.

Iley, according to the government, took money from at least 140 businesses that was intended to pay IRS taxes, but instead, kept the money.

"Iley prepared and submitted payroll tax returns to the IRS on behalf of some clients showing no payroll taxes due and owing for a given tax period. Iley knew when he submitted these payroll tax returns that the clients did in fact owe payroll taxes," according to a government statement.

Read more at the Denver Business Journal:
(© 2016 American City Business Journals. All rights reserved.)

Copyright 2016 KUSA


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment
More Stories