Michael Carlow, of Upper St. Clair, was indicted in 2011 on charges he conspired with his girlfriend to defraud the IRS, filing fraudulent tax returns for the years 2003 to 2006, or failing to file them altogether for other years, in an effort to avoid paying taxes and penalties associated with his 1996 conviction in a check-kiting scheme which cost PNC Bank more than $31 million. Carlow pleaded guilty to living lavishly on money he siphoned from the artificially inflated balances of the business accounts, which were kept current by underlings who monitored the balances via electronic banking and made bogus deposits to cover billions of dollars' worth of bad checks that kept the scheme afloat until some of the businesses were forced into bankruptcy. Federal prosecutors contend Carlow hid his income so the IRS couldn't seize it to cover agreements Carlow had previously made with the government to repay income tax and trust fund penalties stemming from the companies victimized in the check-kiting scheme.
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