A Year After Tax Mess, Feds Look To Close Mo' Money

A Year After Tax Mess, Feds Look To Close Mo' Money

Mo' Money Taxes, founded by two Bluff City natives more than 17 years ago, was once considered a Memphis success story. On Wednesday, the Department of Justice filed a 53-page injunction to close the company down.
Memphis, TN (abc24.com)

It was once considered a Memphis success story, Mo' Money Taxes founded by two Bluff City natives more than 17 years ago. On Wednesday, the Department of Justice added another chapter to the narrative, filing a 53-page injunction to close the company down.

"The government suit alleges that the defendants promote a culture that favors volume and profits over accuracy and integrity, and creates an environment where fraudulent return preparation and tax-law violations flourish," the Department of Justice said in a statement.

Mo' Money's problems surfaced last year when dozens of customers complained their tax returns were delayed, and contained incorrect information. The federal government also claimed Mo' Money employees falsely claimed the earned income credit, claimed bogus education credits, and prepared returns with paychecks instead of W-2 forms.

"The complaint alleges that the estimated tax loss from fraudulent tax return preparation at Mo' Money Taxes offices in Memphis, Atlanta, Richmond and Jackson in 2011 exceeds $9 million," the Department of Justice said.

"A lot of it I can't say on camera, I wouldn't do that, because I am a Christian," said Cheryl Holley, who struggled to get her return last year after filing with Mo' Money.

"In the end, there is one person that is the judge, you know, a higher power then even the government so, he'll get what he deserves," she added.

"We are taking it slowly, day by day," said Darius Granberry, Granberry's oldest son. "As a family we stick together, even in hard times."

"I don't know what is going on with his company or anything, all I know is he has changed though since things happened with his company, he has changed a lot. A lot," he added.

"We would never know, we don't own the company, we don't know what goes on behind closed doors, and my dad surely doesn't talk to us about it," he said.

The suit alleges Granberry didn't file his own federal tax return in 2011, and Robinson didn't file one in 2009, 2010, and 2011.

Granberry declined comment and Robinson could not be reached for comment.

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