AUSTIN, Texas–A Texas jury slammed a tax resolution company with a $195 million verdict for damages March 30 after ruling that the Houston-based firm and its founder misled and defrauded customers (Texas v. TaxMasters Inc.).
The jury in the Texas District Court found TaxMasters Inc., its founder and Chief Executive Officer Patrick Cox, and its predecessor company TMIRS Enterprises Ltd. engaged in false and misleading practices in operating their tax resolution business.
The jury awarded over $113 million as restitution for consumers and over $81 million in civil penalties. In addition, $14.6 million in restitution and $31.25 million ...
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