(Davenport, IA) -- A woman's been sentenced to four years in prison, in a money laundering case involving dozens of University of Iowa employees. Investigators say Florence Rosale Julio of Brunswick, Georgia used University of Iowa employee information to get nearly a half million dollars in tax refunds. The overall scheme involved more than $1,400,000 in fraudulently obtained funds passed through the accounts in 2015.
The Internal Revenue Service says she laundered money in bank accounts, which were opened under a fictitious name. Investigators say she also bought a new Mercedes Benz.
United States District Court Judge Rebecca Goodgame Ebinger sentenced Julio to 46 months in prison for conspiracy to commit money laundering in connection with a scheme to obtain federal tax refunds by fraud.
Julio was ordered to serve three years of supervised release following the period of imprisonment and pay $100 to the Crime Victims’ Fund.