Great Falls man pleads guilty to $1.8M in tax fraud

A Great Falls man pleaded guilty on Friday (March 15) to failing to pay $1.8 million to the Internal Revenue Service.

Rick Tariq Rahim, 55, owned and operated several businesses, including laser tag facilities, and he worked as an Amazon reseller, according to the U.S. Attorney’s Office of the Eastern District of Virginia.

“From 2015 to 2021, Rahim did not pay to the IRS the taxes withheld from his employees’ paychecks or file the required quarterly employment tax returns reporting those withholdings,” the office said in a press release.

Authorities say Rahim hasn’t filed a personal income tax return since 2012 despite earning more than $34 million in gross income.

In addition, Rahim filed two personal income tax returns where reported owing “substantial” taxes but did not pay them when they were due. When the IRS attempted to contact him, he submitted a false form that omitted assets he owned, including a helicopter, property in Great Falls and a Lamborghini, according to the U.S. Attorney’s Office.

From the press release:

Approximately two weeks later, Rahim transferred ownership of that Great Falls property to his wife. He also paid personal expenses from his business bank accounts, including more than $889,000 toward his mortgages and more than $669,000 to purchase or lease cars, including three different Lamborghinis. In addition, Rahim withdrew more than $1.1 million in cash in amounts less than $10,000 to avoid triggering currency transaction reports from the bank.

His sentencing is scheduled for June 21.

Photo via Google Maps

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