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Former CPA Accused of Defrauding Clients

Former CPA Accused of Defrauding Clients

Posted - Dec. 14, 2004 at 8:51 p.m.



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(KSL News) -- A Salt Lake County man claiming to be a CPA is in jail for defrauding clients of about two-hundred-thousand dollars.

Val Gibson's license lapsed in 2000, but he continued to illegally practice as a CPA for four years. He was convicted of multipe felonies of fraud and evasion of income tax today.

Prosecutors say Gibson failed to submit funds, failed to file tax returns, and filed false tax returns.

One victim lost 150-thousand dollars under Gibson's scam. Gibson was sentenced to jail time, restitution, community service and probation.

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