man pleaded guilty Tuesday to a seven-year, $50 million solar power tax fraud scheme that defrauded more than a thousand taxpayers around the U.S., including several Washingtonians.
Kirkland is accused of claiming $135 million in false losses from investing in solar equipment, then selling these losses through a network of tax preparers. Kirkland allegedly told tax preparers their clients could use these losses to claim refunds on their tax returns. The scheme ran from 2012 to 2018.
"Mr. Kirkland capitalized on our need and drive for clean energy, cloaking his fraud scheme in the solar energy space," said U.S. Attorney Brown. "He vastly inflated his investments in solar, and then sold that fiction to taxpayers. The taxpayers got big refunds, but then paid 90% of the refund back to Mr. Kirkland."
During the course of his seven-year scheme, Kirkland allegedly claimed to have lost more than $135 million on investments, yet actually spent under $6 million.
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