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Wake Forest man charged in bra investment scam

Posted May 17, 2011

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— A Raleigh tax preparer was charged Monday with stealing money from a client last year after convincing her he was investing in a brassiere company, according to an arrest warrant.

Sam Alexander Boone, 46, of 2641 Penfold Lane in Wake Forest, was charged with obtaining more than $100,000 in property by false pretense. He was being held in the Wake County jail under a $750,000 bond.

Police said Boone convinced a woman who had received a large settlement in 2009 to invest in a company called Bras Inc. to reduce her tax penalties for the year. The woman wrote him a $100,000 check, as well as checks for $5,000 for his tax preparation services and $11,499 for her state and federal taxes, according to the warrant.

Boone never filed the woman's taxes and cashed or deposited all three checks in his account, the warrant states.

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  • ANGELLUV May 18, 2011

    Oh my God! He finally got caught, He took me for money also!!
    The unjust donot prosper! Sam the Scam!!

  • NiceNSmooth May 18, 2011

    set those puppys free i say................

    lol.. well some of those are not puppys but rather are grown up dogs and cant be roam free out of fear they will wonder to strang places

  • goBRO May 18, 2011

    Talk about getting milked for your money...

  • esprg May 18, 2011

    wow...lol

  • wildpig777 May 18, 2011

    set those puppys free i say................

  • seankelly15 May 18, 2011

    GWALLY - "So there you are...REAL government "created" jobs...a HUGH industry of people, tax preparers, CPAs, tax attorneys, IRS AND ripoff artists...who says the gubmnt'can't create good paying jobs..???? ;)"

    Darn right... jobs are jobs.

  • DeathRow-IFeelYourPain-NOT May 18, 2011

    He probably just wanted her to beta test all of the different bra styles. Finding out she had money to invest was a bonus.

  • GWALLY May 18, 2011

    So there you are...REAL government "created" jobs...a HUGH industry of people, tax preparers, CPAs, tax attorneys, IRS AND ripoff artists...who says the gubmnt'can't create good paying jobs..???? ;)

  • sammyg May 18, 2011

    Looks like he ate a lot of the profit!

  • jkca May 18, 2011

    What a boob.

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