A man has recently been sentenced in his federal white collar crime case. The Colorado man was arrested on June 26, 2013, and he was found guilty by a jury of crimes — including bank fraud and tax evasion — on Nov. 5, 2013. He was ultimately sentenced to 71 months in federal prison as well as other consequences.
The man apparently was self-employed and worked both as a general contractor, doing residential construction projects, and as a real estate investor. From mid-2005 to early 2008, he allegedly knowingly avoided paying large income and self-employment taxes that he owed the IRS. In an effort to conceal his income, he supposedly used trusts to hide more than $90,000.
The 49-year-old is also accused of attempting to deposit counterfeit U.S. Treasury checks in his personal account. The IRS also claims that the man mailed several frivolous correspondences to the Service with the intent of impeding its administration. The man was found guilty of interfering with tax laws, currency structuring, tax evasion and bank fraud. In addition to serving 71 months in prison, he will be required to serve five years of supervised release, pay $10,000 in fines and pay over $60,000 in restitution to the IRS.
Every accused individual has the right to choose from many different options in his or her criminal defense. While this Colorado man was ultimately found guilty in his fraud case, his 71 month prison term was likely less than he could have received based upon the convictions that were obtained against him. Despite his conviction after a jury trial, his criminal defense team undoubtedly continued to press his interests before the court by seeking a shortened term of incarceration. It was not reported whether the man will appeal the conviction that was returned.
Source: fox21news.com, Pueblo man sentenced to 71 months for tax evasion, bank fraud, No author, March 7, 2014