A lady from New Mexico was arrested after stealing 3,000 iPods that were meant to be distributed to Native American kids. To make things worse, she cheated the IRS on the money she earned from selling the stuff.
Kristy Stock was sentenced to 18 months in federal prison after being discovered, according to attorney’s office data obtained by Engadget.
The Department of Justice released a press statement outlining Stock’s accusations of tax evasion and transportation of stolen items. The plan started in 2013 when she was in charge of a program for the Central Consolidated School District of New Mexico aimed to offer gadgets to Native American kids living on tribal reservations, according to her plea deal and court filings.
Stock was intended to utilize government funds to purchase iPods, which would subsequently be distributed to children, but she had other plans. Stock moved the iPods to a Maryland location and sold them on eBay with the aid of pals James Bender and Saurabh Chawla.
Between 2013 and 2018, the 3,000 iPods allegedly brought in more than $800,000, but the tale doesn’t end there. Stock then filed bogus tax forms on the money, claiming a $270,000 tax loss.
Surprisingly, the 18 months Stock will spend inside aren’t the longest. Chawla will serve 66 months in prison for failing to pay more than $700,000 in taxes. Bender will serve a little more than a year in jail for their roles in the fraud – both Bender and Chawla were in charge of eBay throughout the scheme.
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