SAN ANTONIO – In a week of income tax deadlines, one tax preparer finds himself squaring-off with Uncle Sam.
Marcus Garza made his initial appearance in federal court, on charges of stealing millions of dollars and defrauding the federal government using false tax returns.
According to a federal grand jury indictment, Garza is accused of using making up false statements about his companies, including a car dealership and E-tax Express on the city’s south side.
Agents say in those faux tax returns for the years 2003-2008, Garza exaggerated how much money his companies were making in order to get big loans and obtain lines of credit.
The IRS says the unknowing banks and lenders promptly loaned him plenty: about $4 million worth.
IRS Special Agent Mike Lemoine said, “He would show these inflated tax returns, which were false. In fact, he didn’t even file any tax returns with the IRS, according to the indictment. He would use them to get loans from the banks.”
Garza was indicted on 35 counts of money laundering and wire fraud, charges his attorney Jason Galvan called baseless.
“We feel it is an injustice and through the process we feel we will vindicate our client here. We’ll show that Mr. Marcus Garza is innocent of all charges,” Galvan said.
Garza is expected to be arraigned in federal court Friday. His bond has been set at $35,000.