Loveland tax cheat sentenced to prison
Man fled to Ecuador after filing $1M in phony returns
A Loveland man who fled to Ecuador after he was caught filing for more than $1 million in fraudulent tax refunds was sentenced to two years in a federal prison Friday morning.
Daryl Brent Giesking, who owns a delicatessen franchise in Fort Collins, used hundreds of thousands of dollars to buy precious metals, a truck and jewelry, according to Stuart Goldberg, acting deputy assistant Attorney General of the Justice Department’s tax division, and acting U.S. Attorney Bob Troyer.
Giesking conspired with his tax preparer, Teresa Marty, who owns Advanced Financial Services of Placerville, Calif., to receive $350,765 of the $1 million in bogus refunds he sought, according to a news release by Jeffrey Dorschner, Troyer’s spokesman.
The IRS seized $40,503 of the stolen federal money from Giesking’s bank accounts.
As IRS agents worked to confiscate his ill-gotten gains, Giesking sold the truck, withdrew money from his retirement account and skipped off to Ecuador.
He was arrested in the tiny South American country in June 2016, court records say.
After completing his prison term, Giesking must repay $310,262, Dorschner’s news release says.