A Woburn man is facing charges in connection with stealing federal tax refund checks worth over $700,000, the Massachusetts U.S. Attorney’s Office announced Monday.
Nnamdi Opara, 30, has been charged with two counts of bank fraud and five counts of money laundering in federal court, the U.S. Attorney’s office said in a press release. He was arrested in June as part of an ongoing investigation into the theft of U.S. Treasury tax refund checks in Massachusetts.
Opara wrongfully obtained two federal tax refund checks that were issued to a New York company named AFGO Mechanical Services, the U.S. Attorney’s office said. Afterwards, he established a company with the same name in Massachusetts, listing himself as its president, treasurer, secretary, vice president, director and registered agent.
Opara then deposited the checks — worth $700,767 in total — into an account in the name of his newly formed company even though it had never filed a federal tax return, the U.S. Attorney’s office said. He also made multiple illegal monetary transactions designed to conceal the theft.
Opara faces a sentence of up to 160 years in prison, up to 25 years of supervised release and a fine of up to $2.5 million if convicted on all the charges.
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