Saturday, May 5, 2007

Former IRS District Director Pleads Guilty to Tax Fraud

WEBCPA reports that a former district director of the IRS plead guilty to tax fraud. The press release of the U.S. Attorney for Kansas notes that the defendant

"admitted in his plea agreement that from 1997 though April 2002, the conspirators, through Renaissance, operated a scheme to defraud the government and individuals by marketing a program designed to sell illegal tax deductions through false and misleading representations."

The press release also notes that the defendant in this case:

"also admitted that he and his co-conspirators falsely assured their clients and others that Renaissance’s tax system was legal. Cota acknowledged that on Oct.16, 2000, a co-conspirator sent an e-mail message to customers falsely asserting that there existed written endorsements from “over 2,000 tax attorneys, enrolled agents and CPAs (certified public accountants) that every strategy contained in the Tax Relief System is absolutely sound, unassailable and proven over the past 40 years.” The e-mail also falsely claimed that “[t]he training offered by Renaissance, the Tax People, through the Tax Relief System . . . was approved for continuing education credit for CPAs in all 50 states.”

(esp) (w/ a hat tip to Joel Podgor)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2007/05/former_irs_dist.html

Fraud, Settlement, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83535387869e2

Listed below are links to weblogs that reference Former IRS District Director Pleads Guilty to Tax Fraud:

Comments

Post a comment