Man pleas guilty to defrauding state’s tax program for film industry
BATON ROUGE, LA — A man pled guilty today to defrauding the state’s film tax credit program.
The U.S. Attorney’s Office reports that Daniel Garcia, 36, entered the plea on Tuesday, May 14. He admitted that his companies, DMG Holdings, LLC and Film Finishers, LLC, created false documentation of funds for motion picture production.
Over a 1 year period, Garcia conspired to create the false documentation. He collected $900,000 in false tax credits.
“We will continue our commitment to prosecuting anyone abusing the Tax Credit Program. Those who misuse this program, through fraud and deceit, undermine the purpose of the Tax Credit Program and will be investigated and prosecuted to the fullest extent of the law,” U.SU Attorney Donald J. Cazayoux, Jr., said. “We appreciate the work of the FBI and the Louisiana State Inspector General’s Office in this case and the cooperation of the LED.”
Garcia faces a sentence of up to 5 years in jail, 3 years of supervised release following imprisonment, and a $250,000.
The sentencing date has not been scheduled.