Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

TOWER EXECUTIVE RESOURCES CLIENT GETS TWO YEARS

February 23, 2007

A California dentist today received a two-year sentence for participating in a Tower Executive Resources offshore tax scam. From the Department of Justice press release:

According to the indictment and evidence introduced at trial, in approximately 1995, Lewis became a client of Tower Executive Resources, a Denver organization that promoted a tax evasion scheme involving the use of false invoices and secret offshore bank accounts. Lewis’ medical practice paid bogus expenses to Tower to generate false tax deductions. Tower then deposited the bulk of the funds into a secret offshore bank account that Lewis controlled.

Over a 10-year period, Lewis sent approximately $300,000 to a secret offshore bank account through the Tower system. In addition, when the IRS learned of the Tower scheme and audited Lewis’s tax liabilities, he stopped filing income tax returns and falsely claimed that he believed the law did not require him to file returns.

Maybe he doesn't believe the law says that, but the judge, the federal marshals and the Bureau of Prisons feel otherwise.

Scam organizers Lester Retherford and Paul D. Harris are already serving federal sentences.

      Bookmark: del.icio.us • Digg • reddit