The president and CEO of a local non-profit is being accused of tax fraud and mortgage loan fraud.
Regina Shields, 40, was charged with scheming to file false claims for federal income tax refunds with the IRS, and money laundering in connection with a mortgage fraud.
Shields formed the non-profit organization, Free Truth Enterprises in 2000. Since then, she has served as the President and CEO. Court records show during 2007 to 2010, she allegedly filed federal income tax returns, claiming she was employed by and received significant wages from Free Truth Enterprises, as well as significant withholdings.
As a result, Shields reportedly collected $61,315 in tax refunds during those years. However, investigators say her claims were not consistent with the non-profit's.
In addition, Shields allegedly made a winning bid on a foreclosed home, and wrote a check for $164,000. Prosecutors say the check was returned for insufficient funds, and the bank account had been closed for months.
On Wednesday, Shields appeared in court and was released on bond.
The case remains under investigation by special agents of IRS-Criminal Investigation and the FBI.
Friday, August 22 2014 3:11 PM EDT2014-08-22 19:11:37 GMT
A 22-year-old woman and a 4-month-old baby are recovering in the hospital after being struck on the sidewalk in a hit-skip accident. The driver is in custody, but the passenger remains on the run. More >>
A 22-year-old woman and a 4-month-old baby are recovering in the hospital after being struck on the sidewalk by a driver who didn't stop at the scene of the accident. The driver is in custody, but the passenger remains on the run. More >>
Tuesday, August 19 2014 4:10 PM EDT2014-08-19 20:10:07 GMT
The police chief for Gulf Shores along Alabama's coast is weighing-in on the actions of the law enforcement commander in charge of Ferguson, Missouri's in the wake of an escalating crisis brought on byMore >>
Gulf Shores Police Chief Ed Delmore wrote a blistering open letter to Captain Ronald S. Johnson, who was given command of law enforcement operations following days of looting and rioting in the city.More >>