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Date: July 30, 2025
Contact: newsroom@ci.irs.gov
Sherman, TX — A Dallas man has been sentenced to 20 years in federal prison and ordered to pay restitution for defrauding numerous individuals out of more than $14 million in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.
Rahool Amin Makani pleaded guilty to money laundering and was sentenced to 240 months in federal prison by U.S. District Judge Amos Mazzant on July 30, 2025. Judge Mazzant also ordered Makani to pay restitution in the amount of $14,732,023.31.
According to information presented in court, Makani was identified as a multimillion-dollar money launderer who conned victims into investing large amounts of cash into fictitious businesses. Further investigation revealed that Makani used a variety of schemes to defraud numerous investors. Makani used the money he fraudulently obtained to maintain a lavish lifestyle, including leasing private jets, purchasing numerous Rolex watches, purchasing luxury cars including an Aston Martin, a Lamborghini, a Maserati, a Rolls Royce, a McLaren, and a Ferrari. Makani also frequently traveled to Las Vegas to gamble thousands of dollars of the investors’ money.
As part of his plea agreement, Makani admitted he defrauded multiple individuals by his schemes and further admitted that the amount of restitution owed was over $14 million dollars.
This case was investigated by the Internal Revenue Service – Criminal Investigation. This case was prosecuted by Assistant U.S. Attorney Tracey Batson.
IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 19 field offices located across the U.S. and 14 attaché posts abroad.