Date: December 3, 2020 Contact: firstname.lastname@example.org A Bryn Mawr resident pleaded guilty today to filing false tax returns. According to court documents and statements made in court, Jordan Richter sold marketing services and products, including email lists, to stock promoters. From 2012 to 2014, Richter did business through Diamond Spot Media LLC, a partnership in which he was a 99.5 percent owner. Richter inflated business expenses on Diamond Spot's tax returns to reduce the partnership's reported income. These falsities also resulted in Richter underreporting income on his personal returns for the years 2012 through 2014. In total, Richter caused a tax loss to the IRS of over $100,000. U.S. District Judge C. Darnell Jones II, scheduled sentencing for March 8, 2021. At sentencing, Richter faces a maximum sentence of three years for each count. Richter also faces a period of supervised release, restitution, and monetary penalties. Special agents of IRS-Criminal Investigation conducted the investigation, and Trial Attorney Chingos of the Tax Division and Assistant U.S. Attorneys Murray and Smith are prosecuting the case.