Beau Wesley Gensmer ordered to pay back $4.7 million to the United States
By Josh Mitchell
Editor
River Mississippi News
MINNESOTA — A six-year tax fraud scheme orchestrated by a Minnesota man has landed him in prison for over eight years, according to the U.S. Department of Justice.
Beau Wesley Gensmer was sentenced this week on charges of wire fraud and helping prepare false tax returns from 2012 to 2018.
The Prior Lake man schemed to file 63 false returns with fraudulently inflated tax refunds “on behalf of unwitting taxpayer clients,” a DOJ press statement issued this week says.
Gensmer hired two tax return preparers, one in Anchorage, Alaska, and “knowingly emailed” them false information such as “fraudulent business losses and charitable contributions.”
The hired tax preparers relied on the information Gensmer sent them and electronically filed false returns as a result, the release adds.
He charged his clients 30 percent commissions and created an IRS loss of $6.7 million. Gensmer also provided the clients with “audit protection services” based on the false tax returns, and submitted false documents for the IRS audits, it adds.
A federal judge ordered Gensmer to pay $4.7 million in restitution to the United States.
It was an IRS Criminal Investigation case.
