A Tampa man pleaded guilty to theft of government property after he was caught in a stolen identity refund fraud scheme.
Weldon Malveau, 41, will face a maximum penalty of 10 years in a federal prison.
According to the plea agreement, between Jan. 2011 and March of 2012, he was involved in a scheme to file false and fraudulent income tax returns with the IRS in order to get large refunds that were deposited onto debit cards.
When law enforcement arrested him in 2012, he had 26 debit cards in the names of different people in his possession, along with ledgers containing names and social security numbers.
The IRS had received fraudulent tax returns and issued refunds in the names of those people for about $342,563, which was all traced back to Malveau.
An analysis of the debit cards in his possession revealed he had purchased a 2010 Porsche Panamera for $85,000 with that money.
As part of the plea deal, Malveau agreed to forfeit the Porsche.