A Detroit loan officer has been sentenced to 15 months in prison after pleading guilty to helping others file false Internal Revenue Service claims.
The U.S. Attorney's office in Detroit says 31-year-old Bobby "Sweets" Coward Jr. gave false W-2 forms to taxpayers and conspired with them in 2003 to defraud the IRS of more than $113,000.
Court records show the conspiracy involved federal income tax returns claiming false, fictitious and fraudulent income, tax with holdings and refunds from the IRS.
Prosecutors say very few of the refunds were paid by the IRS.
Coward also will serve two years of supervised release when his sentence ends.
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Monday, October 27, 2008
Monday, October 20, 2008
Ex-attorney indicted for tax fraud
A former partner in a Willows law firm has been indicted by a federal grand jury on charges of tax fraud and evasion.The indictment alleges that Orion Douglas Memmott, 68, submitted false financial statements to the IRS in June 2005. The statements were reportedly in connection with Memmott's attempt to lower his federal tax liability, plus penalties and interest, for the years 1993 through 1999.
The liability was calculated at $656,655.In submitting the statements, Memmott allegedly omitted real property valued at $260,000, and business banking accounts he owned and controlled containing $112,772.He also reportedly failed to report income from diverted investor funds of $116,570.The indictment also alleges that, between 1995 and 2006, Memmott willfully attempted to evade payment of a large part of his federal income tax liability by placing property in the names of others.
If convicted on all charges, Memmott could face several years in prison and a fine of up to $500,000.Several Willows residents recall that Memmott specialized in tax and probate law. He moved from Willows approximately 10 years ago.
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The liability was calculated at $656,655.In submitting the statements, Memmott allegedly omitted real property valued at $260,000, and business banking accounts he owned and controlled containing $112,772.He also reportedly failed to report income from diverted investor funds of $116,570.The indictment also alleges that, between 1995 and 2006, Memmott willfully attempted to evade payment of a large part of his federal income tax liability by placing property in the names of others.
If convicted on all charges, Memmott could face several years in prison and a fine of up to $500,000.Several Willows residents recall that Memmott specialized in tax and probate law. He moved from Willows approximately 10 years ago.
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Monday, October 13, 2008
Politics From Pulpit Will Deliver Challenge to IRS
The Alliance Defense Fund, of Scottsdale, Ariz., hopes that at least one sermon will prod the Internal Revenue Service to take action, sparking a court fight over a law that bars nonprofits from partisan political activity. Alliance and several ministers taking part in the protest insist that the law is unconstitutional and believe they would prevail in a court battle.
"As a pastor, I have the right to speak biblical truth without being punished for it," said the Rev. Jody Hice, pastor of Bethlehem First Baptist Church in Bethlehem, Ga., who says he will tell his congregation he backs Sen. John McCain for president. "The IRS does not have the role of censoring speech from the pulpit."
Some experts say the churches are misguided, and their nonprofit status can be lawfully regulated. "Congress has created a provision" to exempt churches from taxes, "and that provision has restrictions," says Donald Tobin, associate law-school dean at Ohio State University and a former Justice Department attorney. Churches "are obligated to follow them if they want the benefit."
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"As a pastor, I have the right to speak biblical truth without being punished for it," said the Rev. Jody Hice, pastor of Bethlehem First Baptist Church in Bethlehem, Ga., who says he will tell his congregation he backs Sen. John McCain for president. "The IRS does not have the role of censoring speech from the pulpit."
Some experts say the churches are misguided, and their nonprofit status can be lawfully regulated. "Congress has created a provision" to exempt churches from taxes, "and that provision has restrictions," says Donald Tobin, associate law-school dean at Ohio State University and a former Justice Department attorney. Churches "are obligated to follow them if they want the benefit."
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Monday, October 6, 2008
Mirabilis chief Amodeo pleads guilty in $181M tax fraud scheme
Frank Amodeo, the former leader of Mirabilis Ventures Inc., pleaded guilty Tuesday to charges stemming from what prosecutors called a $181 million payroll tax fraud that could’ve landed Amodeo in prison for the rest of his life.
Instead, Amodeo admitted to conspiracy to commit wire fraud, obstruction of an agency proceeding, impeding the Internal Revenue Service in the assessment and collection of taxes, failure to remit payroll taxes, and obstruction of an agency proceeding. He could still face up to 25 years imprisonment, a $1.25 million fine, and three years supervised release, according to U.S. Attorney Robert E. O’Neill’s office.
Amodeo was a one-time player in the Trump Tower Tampa project who had reportedly purchased the assets of that 52-story tower project along with a second related project in Clearwater. Frank Dagostino, the head of the one-time Trump Tower Tampa builder SimDag-RoBEL, told the Tampa Bay Business Journal last October that while there was a handshake deal for Mirabilis to purchase the project, it was a deal that was never consummated.
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Instead, Amodeo admitted to conspiracy to commit wire fraud, obstruction of an agency proceeding, impeding the Internal Revenue Service in the assessment and collection of taxes, failure to remit payroll taxes, and obstruction of an agency proceeding. He could still face up to 25 years imprisonment, a $1.25 million fine, and three years supervised release, according to U.S. Attorney Robert E. O’Neill’s office.
Amodeo was a one-time player in the Trump Tower Tampa project who had reportedly purchased the assets of that 52-story tower project along with a second related project in Clearwater. Frank Dagostino, the head of the one-time Trump Tower Tampa builder SimDag-RoBEL, told the Tampa Bay Business Journal last October that while there was a handshake deal for Mirabilis to purchase the project, it was a deal that was never consummated.
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