Who’ll Testify at Hearing on Mo’ Money?

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(Memphis) After months of customer complaints about late refunds, bounced checks and high fees, Memphis based Mo' Money taxes will be discussed at a congressional hearing Thursday.

The full witness list hasn't been made public, but don't expect to hear from Mo' Money Co-Founder Markey Granberry. He says he doesn't plan to attend.

Four months have passed since angry customers gathered outside Mo' Money offices and demanded answers about late refunds.

Since then, two states have sued the company, the IRS has paid a visit, and now Mo' Money's name is expected to come up at a congressional subcommittee hearing on identity theft and tax fraud. 

On Tuesday, Granberry is at work, with it seems no worries of what's to come, "No one has been charged with any crime, I haven't been charged with any crime, I haven't been subpoenaed for court."

Congressman Steve Cohen is one of three that requested a hearing. 

He's expected to offer remarks and discuss the issues surrounding Mo Money.

Cohen says he'd like to know if tax prep problems are widespread, "The main thing we look for in the hearing is to see how prevalent the circumstances with tax frauds, and or people taking other identities to get their checks."

Cohen says ultimately what he hopes comes from the hearing is one of three things.

Stronger criminal laws, more funding to promote free, IRS tax preparation, or "Maybe more funding into IRS agents to police this thing, this type of industry."

The hearing will be held on Thursday, June 28, 2012 at 9:45 a.m. EST in Room 2141 of the Rayburn House Office Building.  For more information regarding the hearing, such as names of witnesses as they are announced, please visit: http://judiciary.house.gov/hearings/Hearings%202012/hear_06282012.html


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