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Former Washington auditor guilty of tax fraud, other charges


FILE - In this April 26, 2016 file photo, Washington State Auditor Troy Kelley leaves the federal courthouse in Tacoma, Wash. On Wednesday, Dec. 20, 2017, Kelley was been found guilty of several charges related to when he ran a real-estate escrow services ...


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NEWS TRAFFIC WEATHER Listen Washington's Top News 201.5 Headlines Local News Virginia Maryland DC Weather News Transportation News National World Business & Finance Government Living Entertainment Sports Tech Trending Now Federal News Radio Photo Galleries Fun & Games Lottery Results Contests Listen Live Podcasts Home » Latest News » Business & Finance » Real Estate News » Former Washington auditor guilty… Former Washington auditor guilty of tax fraud, other charges By The Associated Press December 20, 2017 8:18 pm 12/20/2017 08:18pm Share FILE - In this April 26, 2016 file photo, Washington State Auditor Troy Kelley leaves the federal courthouse in Tacoma, WashOn Wednesday, Dec20, 2017, Kelley was been found guilty of several charges related to when he ran a real-estate escrow services business during the height of last decade's housing boom.(AP Photo/Ted SWarren, File) var _informq = _informq || []; _informq.push(['embed']); _informq.push(['hook', '*/videoLoad', function(event) { // console.log('Video has loaded for the player embedded within the ' + // 'configurable element where its "id" attribute is "' + // event.containerElement.id + '"!'); var element = document.getElementsByClassName('Entry-featured')[0]; if (typeof(element) != 'undefined' && element != null) { document.getElementsByClassName('Entry-featured')[0].style.display = 'none'; } }]); SEATTLE (AP) — Former Washington state Auditor Troy Kelley was found guilty Wednesday of several charges related to when he ran a real-estate escrow services business during the height of last decade’s housing boom. var _informq = _informq || []; _informq.push(["embed"]); Emily Langlie, a spokeswoman for the U.Sattorney’s office in Seattle, said Kelley was convicted of possession of stolen property, two counts of making false declarations in a court preceding and six counts of tax fraudHe was found not guilty on five counts of money laundering. var _informq = _informq || []; _informq.push(["embed"]); Judge Ronald BLeighton handed down the verdict in Tacoma after a 21-day trialSentencing is scheduled for March 30. This was the second trial for Kelley, a Democratic state lawmaker from Tacoma who was elected auditor in 2012He was charged in 2015 with possessing stolen money, laundering money, lying under oath and filing false income-tax returnsHis first federal fraud trial last year ended with an acquittal on one count and a deadlocked jury on more than a dozen othersThe charges stemmed from Kelley’s operation of a business called Post Closing Department, which tracked escrow paperwork for title companies. Prosecutors said that to obtain business from the title companies – and access vast sums of money from homeowners – Kelley promised that Post Closing Department would collect $100 to $150 for each transaction it tracked; keep $15 or $20 for itself; use some of the money to pay county recording and other fees if necessary; and refund the customer any remaining money. In tens of thousands of cases, the additional fees were not needed, but Kelley retained the money anyway, prosecutors saidHe refunded the balance only in a few instances when title companies began asking uncomfortable questions or when homeowners were savvy enough to demand it, prosecutors said. Kelley insists he was entitled to keep the money. var _informq = _informq || []; _informq.push(["embed"]); One of the companies Kelley worked with, Old Republic Title, sued him for not paying the refundsKelley settled the case for $1.1 million after making what prosecutors contend were false statements about his practices under oath. The first Washington state official indicted in 35 years, Kelley took a seven-month leave of absence after he was chargedHe returned to office after the trial, defying bipartisan calls for his resignation, but he decided not to seek re-election as auditorThe position, which is tasked with rooting out waste and fraud in state government, is now held by Democrat Pat McCarthy. Copyri

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