Tuesday, July 18, 2017

Sunshine

The Maryland Court of Appeals imposed disbarment by consent of an attorney convicted of tax offenses.

The United States Attorney f or the Northern District of Florida reported on the plea

 James R.J. Scheltema, 56, of Pensacola, has pled guilty to filing false tax returns and tax evasion. The guilty plea was announced by Christopher P. Canova, United States Attorney for the Northern District of Florida.

Between 2010 and 2013, Scheltema, a certified public accountant and attorney, received restricted stock as compensation for his legal and accounting services. He initially reported no compensation on his 2011 and 2012 individual income tax returns, despite receiving substantial compensation from stock issuance and the sale of stock. Scheltema also failed to file timely 2013 individual and corporate income tax returns for two companies he owned and operated. Scheltema tried to evade notice of stock sales by instructing checks be made payable to his wife and to one of the companies he owned, rather than to himself. After being notified of the IRS investigation, Scheltema filed amended 2011 and 2012 returns and a delinquent 2013 return, which were still false.

The sentencing hearing is scheduled for April 10, 2017, 3:00 p.m.

For each charge of filing false tax returns, Scheltema faces a maximum of three years in prison. For the tax evasion charge, he faces a maximum of five years in prison.

This case resulted from an investigation by the Internal Revenue Service—Criminal Investigation. Assistant United States Attorney David L. Goldberg is prosecuting the case.

In better days, Cision PR Wire had this news  in June 2016

 Sunshine Capital, Inc. (Pink Sheets: SCNP) today announces that it has appointed James R J Scheltema as the Company's new President and CEO to execute "Daniel J Duffy's plan" of turning the Company into a well-structured, revenue, earnings and asset based company.

Mr. Scheltema is a licensed attorney in Maryland and the District of Columbia as well as being a Certified Public Accountant in Florida. In the last decade, he has concentrated on developing microcap companies. He was a founder of both HEMP and MJNA and was general counsel during their infancy. More recently, he provided services to many microcap companies to either maintain or bring them into compliance with SEC, OTC and FINRA standards. In several circumstances, he has accepted appointment as the President and CEO of a few special situation microcap companies.

"My education and experience provide the perfect springboard to lead a company which is focused on growth through acquisitions," stated James Scheltema, newly appointed President and CEO of Sunshine Capital, Inc. "Sunshine Capital provides the ideal platform for this type of company and I look forward to making smaller companies stronger through accretive acquisitions, alliances and cooperative operating agreements under the Sunshine Capital umbrella."

"With Jim's skill depth in mergers makes him the ideal candidate to execute the apt named 'The Duffy Plan,'" stated Daniel J Duffy, noted investor and Investment Trustee to his children's trust. "I have had many meetings with Mr. Scheltema and his conservative and careful style will be instrumental in making the Duffy Plan a reality in creating a growing company based on a strong foundation. I anticipate Sunshine Capital will be as successful as when I participated in 2003 thru 2008 including turning my first public company Preferred Internet Technologies from nothing to the final stage company Sebastian River Holdings of over $140 million dollars in executed and pending mergers and acquisitions, including the cash buy out of Global Communications Solutions (GCS Wireless) which turned my company into the largest T-Mobile authorized dealer in the Florida Market."

(Mike Frisch)

http://lawprofessors.typepad.com/legal_profession/2017/07/the-maryland-court-of-appeals-imposed-disbarment-by-consent-of-an-attornet-convicted-of-tex-offenses-the-united-states-atto.html

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Comments

WHY IS HE NOT IN JAIL??????

Posted by: David Green | Nov 7, 2017 8:57:14 AM

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