Police launch investigation into business dealings of Mo’ Money Taxes

Posted at 4:28 PM, Feb 08, 2012
and last updated 2012-02-24 16:30:36-05

Although police have started to investigate Mo’ Money Taxes, some people still may not see their refunds.

Police say it could take weeks or even months to find out if the business has done anything illegal.

The company’s CEO is missing in action.

There was a search warrant sitting inside of a closed Mo’ Money Taxes building.

“We seized some computers Mo’ Money had,” says Chris Amos of the Norfolk Police Department.

Cops have launched a criminal investigation.

“Now we’re going through mountains of electronic evidence to see if there’s anything in there that might suggest criminal activity,” says Amos.

Amos says detectives started digging after mobs of angry customers showed up outside of the building demanding the money they were promised days ago.

“We’re kind of looking at possibly obtaining money under false pretenses,” says Amos.

While the IRS won’t comment on whether they’re investigating Mo’ Money, Amos says they are sharing information.

The company blames the delay on a software glitch.

Mobs have been forming outside of locations in other states as well.

If you are a Mo’ Money customer and you would like to report any fraud, please call 1-800-829-1040.