Jack Lee Oliver, a 56-year-old resident of Rivesville, West Virginia, has been sentenced to three years in federal prison. Oliver was found guilty by a jury in October 2024 on 26 counts related to the preparation and filing of false tax returns. The charges resulted from his defrauding of the Internal Revenue Service (IRS) for a total of $708,538.
Oliver owns an insurance sales and tax return preparation business named Insurance Depot located in Fairmont, West Virginia. He was involved in preparing tax returns that falsely claimed business losses for non-existent businesses. Additionally, he inflated expenses on behalf of clients who owned businesses without their knowledge, causing them to receive undeserved tax refunds. In another instance, Oliver included the foster son of one of his clients on his own tax returns, which led to thousands of dollars in refundable credits that were not rightfully his.
After serving his prison sentence, Oliver will be under supervised release for one year and is required to cooperate with the IRS to pay back taxes owed. The case was prosecuted by Assistant U.S. Attorneys Jarod Douglas and Eleanor Hurney and investigated by the Internal Revenue Service-Criminal Investigation (IRS-CI). Chief U.S. District Judge Thomas S. Kleeh presided over the proceedings.