PHILADELPHIA – William M. McSwain, United States Attorney for the Eastern District of Pennsylvania, announced that Anthony Hoffman, age 55, of Philadelphia, Pennsylvania pleaded guilty to tax fraud related charges on June 21, 2018. The guilty plea hearing occurred before U.S. District Judge Paul S. Diamond. Hoffman was charged by information with four counts of making and subscribing false federal income tax returns for the tax years 2011 through 2014. Hoffman pleaded guilty to all four counts of the information.
Hoffman owns Ace Public Adjusters, Inc., located at 7930 Frankford Avenue, Philadelphia, PA. Ace Public Adjusters Inc. represented homeowners who were pursuing property damage claims from their insurers. After the clients' claims were settled, the insurance companies sent settlement checks to the offices of Ace. The checks were made payable to Ace, or Ace and the homeowner. HOFFMAN cashed many of the settlement checks at local check cashing agencies and paid the clients their portion of the settlement from Ace's bank account.
Hoffman admitted that he skimmed approximately $500,000 in taxable income from his insurance adjustment business and failed to report this money as income on his federal income tax returns. The failure to report the additional income resulted in a tax loss of approximately $238,882 plus interest and penalties.
“To build faith in our nation’s tax system, honest taxpayers need to be reassured that everyone is paying their fair share,” said IRS Criminal Investigation Special Agent in Charge Guy Ficco. “IRS Criminal Investigation, together with the Department of Justice, will investigate and prosecute those who violate our tax system.”
U.S. District Judge Paul S. Diamond scheduled sentencing for October 1, 2018 at 11:00AM.
The case was investigated by the Philadelphia Office of the Internal Revenue Service, Criminal Investigation Division. Assistant United States Attorney Frank R. Costello, Jr. is prosecuting the case.