Sisters Sentenced to Prison for Identity Theft, Tax Fraud

(MONTGOMERY, Ala.) -- Two sisters from Montgomery have each been sentenced to almost 10 years in prison for their involvement in an identity theft tax fraud scheme.

Loretta Fergerson and Tracey Fergerson were each sentenced to 115 months in prison for conspiring to file claims for false income tax refunds using stolen identities. The sisters have also been ordered to pay $504,305 in restitution to the IRS.

Court documents state that Loretta Fergerson owned the tax return preparation business, Fast Tax Cash, in Montgomery, and between 2005 and 2008 she and her sister filed tax returns using stolen identities in order to claim fraudulent tax refunds.

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