The US Attorney’s Office of Middle District of Tennessee put out this press release the other day, just your everyday average fraud accusation.
A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. McGuire.
According to the indictment, Jerkins, a Certified Public Accountant, owned Jerkins Business Solutions (“JBS”) which provided tax preparation, bookkeeping, and payroll services, among other accounting and financial services, for individuals and businesses since 2015. JBS was a sole proprietorship, and Jerkins controlled its bank accounts. JBS had office locations in Fairview and Nashville, Tennessee.
According to a license lookup, Jerkins (we can’t stop laughing at that name given the context) received his Tennessee CPA license in 2015. It is currently active until 2026. For now.
The complaint says that Jerkins, who had bank account and online banking info for his clients, initiated wire transfers out of client bank accounts into accounts he controlled or could access using QuickBooks. These transactions would appear on clients’ bank statements with descriptions including “Intuit,” “Jerkins Business Sol,” or “Jerkins Business Sale” (God damnit I’m never going to be able to get through this article) “which concealed the nature of these fraudulent transactions from his clients and made them appear as though they were for legitimate business purposes.”
He allegedly did these transactions around the time the clients had payroll or tax payments going out so as not to arouse suspicion but rather make it look like there were multiple withdrawals for these legitimate purposes. Eventually clients caught on:
When clients confronted him about fraudulent withdrawals, Jerkins provided those clients with fraudulent documentation that made the withdrawals appear to be legitimate. And at least one time, Jerkins repaid a client the amount of a fraudulent withdrawal using funds from a second fraudulent withdrawal from another client’s account. Throughout his scheme, Jerkins initiated over four hundred wire transfers totaling over $3,900,000, from his Intuit account to transfer the unauthorized client funds to one of his bank accounts. On at least one occasion, in September 2023, Jerkins used these stolen client funds to purchase residential real property.
To make matters worse, Jerkins (STOP) prepared and filed materially false tax returns that reported false deductions and false business expenses with the Internal Revenue Service for at least two clients.
To make matters EVEN WORSE, this is his website:
He should have used some of that $4 million to hire a professional web designer.
Let’s see if we can parse these words, it’s pretty tough even zoomed in on a 4K monitor. Proactive, Trusts, Rules, Team, Financial, Knowledgable (sp), Analytics, Profit, Planning, Development, Structured, Entity, Professional, Integrity, Payroll, Problem Solver, Reliable, Engagement, People, Credible, Debit, Experienced, Bookkeeping, Assurance, Assertive, Ranked, Tax, Expertise, Disclosure, Operations, Management, Concrete (?), Credit, People, Assist (or is it Attest?), Ledger. We’re missing a couple.
Let us know if you can spot the rest.
Franklin Certified Public Accountant Indicted on Wire Fraud, Money Laundering and Tax Fraud Charges [US Attorney’s Office]
Never trust anyone with a tie hangin’ past their knees!