TAX PREPARER FOR TWO PRO FOOTBALL PLAYERS IS CONVICTED AFTER GETTING THE PLAYERS $2 MILLION IN TAX REFUNDS!

PROSECUTORS SAY THE PLAYERS WERE UNAWARE WHAT THEIR TAX GUY WAS DOING!

Federal prosecutors say Anthony Quinn Welch, 47, of Sugar Land, TX has been convicted of preparing and filing false tax returns for two former professional football players to obtain millions in bogus tax refunds for himself.

Welch pleaded guilty to two federal felony offenses at a hearing today before United States District Judge Lynn N. Hughes. Welch acknowledged that, between 1997 and 2002, he prepared and filed tax returns for two former professional football players in which he added fictitious deductions, business expenses and losses so that he could obtain and consume fraudulent income tax refunds totaling $717,527 in one player’s name and $1,405,845 in the other’s name. Welch admitted using bogus mailing addresses and secret bank accounts in the names of the football players to carry out the scheme. The football players were unaware that Welch had obtained the fraudulent refunds in their names.

Welch, whose bond was recently revoked, will remain in federal custody pending a sentencing hearing set for July 16, 2007 at 1:30 p.m. He faces a statutory maximum of three years imprisonment and a $250,000 fine as punishment for each count of conviction.

The investigation leading to the charges against Welch was conducted by the Houston Office of the Internal Revenue Service Criminal Investigations. The case is being prosecuted by Assistant U. S. Attorney Jimmy Sledge.

Welch according to Pros and Cons represented Dallas Cowboys player Joe Bowden and Houston Texans’ Antowain Smith. Once again prosecutors say the players were not aware of Welch’s scheme!