A Mesa accountant who bilked victims out of $600,000 during a tax scam was sentenced on Tuesday to 32 months in federal prison.
Gregory A. Peters, 37, who formerly operated PBS Tax Firm Inc. in Mesa and Scottsdale, received the sentence after pleading guilty to one count of mail fraud, one count of bank fraud and one count of filing a false tax return, according to information from the U.S. Attorney’s Office.
Peters admitted to stealing $600,000 of tax funds from his clients by telling him he would pay their tax bills if they sent him the money to do so. Instead, Peters would keep the money and forged tax statements in an attempt to reflect that they owed little or no sales tax, according to the U.S. Attorney’s Office.
Peters also faked financial records to get a $600,000 home equity line of credit, but later defaulted on the loan, according to the U.S. Attorney’s Office.