The president and CEO of a local non-profit is being accused of tax fraud and mortgage loan fraud.
Regina Shields, 40, was charged with scheming to file false claims for federal income tax refunds with the IRS, and money laundering in connection with a mortgage fraud.
Shields formed the non-profit organization, Free Truth Enterprises in 2000. Since then, she has served as the President and CEO. Court records show during 2007 to 2010, she allegedly filed federal income tax returns, claiming she was employed by and received significant wages from Free Truth Enterprises, as well as significant withholdings.
As a result, Shields reportedly collected $61,315 in tax refunds during those years. However, investigators say her claims were not consistent with the non-profit's.
In addition, Shields allegedly made a winning bid on a foreclosed home, and wrote a check for $164,000. Prosecutors say the check was returned for insufficient funds, and the bank account had been closed for months.
On Wednesday, Shields appeared in court and was released on bond.
The case remains under investigation by special agents of IRS-Criminal Investigation and the FBI.
Saturday, May 25 2013 7:23 PM EDT2013-05-25 23:23:27 GMT
BARDSTOWN, KY (WAVE) - K-9 Officer Jason Ellis, 33, was shot and killed on the ramp of Exit 34 from the Bluegrass Parkway to Highway 55 in Nelson County early Saturday morning. A 911 call from a womanMore >>
K-9 officer Jason Ellis, 33, was the first Bardstown police officer killed in the line of duty.More >>
Friday, May 24 2013 11:19 PM EDT2013-05-25 03:19:49 GMT
LOUISVILLE, KY (WAVE 3) - The decision by the Boy Scouts of America to end its ban of openly gay scouts from the organization's activities has hundreds of Louisville Scouts and their parents wonderingMore >>
The decision by the Boy Scouts of America to end its ban of openly gay scouts from the organization's activities has hundreds of Louisville scouts and their parents wondering where they will meet.More >>
Friday, May 24 2013 7:03 PM EDT2013-05-24 23:03:49 GMT
MYRTLE BEACH, SC (WMBF) – A North Carolina woman was arrested Friday morning for indecent exposure after officers saw her wearing a thong swimsuit. Tiara Monique Garness, 22, was arrested at about 5 a.m.More >>
A North Carolina woman was arrested Friday morning for indecent exposure after officers saw her wearing a thong swimsuit.More >>
Friday, May 24 2013 11:34 PM EDT2013-05-25 03:34:36 GMT
LOUISVILLE, KY (WAVE) – Friday afternoon two home invasions are reported to police less than an hour apart. Police are trying to determine if the same group of people are responsible. The first robberyMore >>
Two home invasions are reported to Louisville Metro Police less than an hour apart and now officers are trying to determine if the same group of people are responsible.More >>