A federal indictment has been unsealed charging Jason Alexander Jerkins, a 36-year-old Certified Public Accountant from Franklin, Tennessee, with wire fraud, money laundering, and tax fraud. This announcement was made by Acting United States Attorney for the Middle District of Tennessee, Robert E. McGuire.
Jerkins, who owned Jerkins Business Solutions (JBS), provided tax preparation, bookkeeping, and payroll services since 2015. The business operated as a sole proprietorship with locations in Fairview and Nashville, Tennessee. Between March 2020 and October 2024, Jerkins allegedly orchestrated a scheme to defraud his clients by accessing their bank account information through Intuit QuickBooks. This software was used to make unauthorized wire transfers from clients’ accounts into accounts controlled by Jerkins.
These transactions were disguised in clients’ bank statements with labels such as “Intuit,” “Jerkins Business Sol,” or “Jerkins Business Sale,” giving the appearance of legitimate business transactions. Jerkins reportedly timed these fraudulent withdrawals to coincide with legitimate payroll or tax payments, further concealing the fraudulent nature of these activities.
When questioned by clients about suspicious withdrawals, Jerkins allegedly provided them with fake documentation to justify the transactions. On at least one occasion, he repaid a client using funds stolen from another client’s account. Over the course of his scheme, Jerkins is accused of initiating over 400 wire transfers, amounting to more than $3.9 million. In September 2023, he reportedly used these funds to purchase residential real estate.
In addition, Jerkins is accused of filing false tax returns for at least two clients, declaring fictitious deductions and business expenses to the Internal Revenue Service (IRS).
If found guilty, Jerkins could face up to 20 years in federal prison for wire fraud, up to 10 years for money laundering, and up to 3 years for each count of filing false tax returns. The government is also seeking the forfeiture of real estate bought with the alleged fraud proceeds. The case is being investigated by the IRS Criminal Investigation, with Assistant U.S. Attorney Mitchell T. Galloway prosecuting.
It is important to note that an indictment is merely an accusation, and Jerkins is presumed innocent until proven guilty in a court of law.
Source: Read Original Release
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