HONOLULU (AP) - A Maui businessman is pleading guilty to tax felonies related to a scheme to falsely claim the Internal Revenue Service owed him refunds totaling more than $2.3 million.
The U.S. Attorney's office in Hawaii says Charles Loewen pleaded guilty Thursday to conspiring to defraud the United States and filing a false claim for tax refunds from the IRS.
Prosecutors say Loewen and his wife conspired to in a scheme to falsely claim they were owed a large refund. Prosecutors say he created fake tax documents.
The 57-year-old is the owner of Paradise Stone & Tile.
Prosecutors say he also tried to conceal income from that business.
He faces a maximum term of five years in prison on each of the two charges when he's sentenced on July 3.
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