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Former Executive in Prison for Tax Evasion

A suspect was sentenced to multiple months in prison and ordered to pay more than $1 million in back taxes owed on several million dollars in income that was never reported to the Internal Revenue Service. The income was earned from two related businesses that the suspect operated during a 4-year period.

The defendant pleaded guilty to charges of income tax evasion, failure to file a tax return, obstruction of justice and making a false statement to the Internal Revenue Service. The defendant concealed the income by having a friend cash checks that were received from the business. He also submitted numerous fictitious purchase orders to the Internal Revenue Service concerning purported business expenses.

This case originated with the filing of a Suspicious Activity Report and was investigated by Internal Revenue Service-Criminal Investigation.

(Source: Internal Revenue Service)

[Published in The SAR Activity Review Trends, Tips & Issues, Issue 9, October 2005]