Federal Grand Jury Indicts 55 People

A federal grand jury in Santa Ana, Calif., has indicted 55 people following a massive tax fraud sting. The FBI said the fraudsters tried to obtain $250 million in federal tax refunds. Operation Stolen Treasures, which was conducted by FBI special agents and IRS Criminal Investigators, centered on two companies in the Southland area of California. Justice officials say, one of the companies, Old Quest Foundation, filed hundreds of false 1099 forms and reported $1 billion in withholdings.