Federal grand jury charges Orange County man accused of failing to report income earned from real estate sales

 

Date: April 14, 2021

Contact: newsroom@ci.irs.gov

LOS ANGELES — An Orange County real estate agent was charged today in a three-count indictment that accuses him of defrauding the Internal Revenue Service (IRS) by omitting income that he earned from the sale of multiple real estate properties.

John W. Rampello, of Santa Ana, California, is charged with two counts of subscribing to a false tax return and one count of aiding and assisting in the preparation of a false tax return.

According to the indictment, for tax years 2014 and 2015, Rampello allegedly lied to the IRS by either reporting losses or less than $30,000 in income on his 1040 tax returns, when in fact, he knew his income was substantially more.

For tax year 2016, Rampello allegedly assisted in preparing a 1040 return that was fraudulent because the total income reported was $280,654, which Rampello knew was false because he had made substantially more from real estate sales that year, the indictment alleges.

"This time of year, millions of hard-working Americans are filing timely and accurate tax returns. Meanwhile, IRS Criminal Investigators are busy fulfilling their charge to ensure that individuals who evade their taxes are held accountable," said Special Agent in Charge Ryan L. Korner, IRS Criminal Investigation. "Mr. Rampello disregarded his tax obligation for three years, blatantly leaving out substantial amounts of income. This indictment should serve as a comfort to the honest taxpayers that we will continue to fight for a level playing field for all."

Rampello is expected to be arraigned in the coming weeks.

If convicted of all charges, Rampello would face a statutory maximum sentence of nine years in federal prison.

An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

IRS Criminal Investigation investigated this case. Assistant United States Attorney James C. Hughes of the Major Frauds Section is prosecuting this matter.