Date: May 6, 2025
Contact: [email protected]
CINCINNATI – Ronald Scott Daley, of Miamisburg, pleaded guilty in U.S. District Court to wire fraud and tax evasion related to a scheme to defraud clients, including elderly victims.
According to his plea agreement, which includes a recommended sentence of up to 60 months in prison, Daley was employed by a life insurance brokerage firm and advised several elderly clients with respect to life insurance and annuity products.
From at least 2012 until 2020, Daley fraudulently convinced client victims to withdraw certain assets from the insurance brokerage firm and to deposit the funds into their own personal accounts. Daley then influenced the victims to make payments to a bank account for an entity that Daley controlled.
For example, Daley defrauded three victims of more than $707,000 in total.
Furthermore, Daley failed to file and pay taxes on the fraudulent income.
As part of his conviction, he will repay the approximately $707,000 in restitution.
Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio; Karen Wingerd, Special Agent in Charge, Internal Revenue Service (IRS) Criminal Investigation; and Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division announced the guilty plea entered on May 5 before U.S. District Judge Matthew W. McFarland. Assistant United States Attorney Timothy S. Mangan is representing the United States in this case.
IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 20 field offices located across the U.S. and 14 attaché posts abroad.