North Carolina Closing Attorney Sentenced for Mortgage Fraud Scheme

Written by TaxSqueal. Posted in Blog, Tax Fraud Cases

On May 5, 2011, in Charlotte, N.C., Demetrius G. Rainer was sentenced to 36 months in prison followed by three years of supervised release. Rainer was a licensed attorney in the state of North Carolina and served as a closing attorney. According to court documents, Rainer and others participated in a mortgage fraud scheme that falsely inflated the price of real estate properties to obtain mortgage ...

Oklahoma Doctor Sentenced for Tax Evasion

Written by TaxSqueal. Posted in Blog, Recent Tax Fraud Cases, Tax Fraud Cases

On May 6, 2011, in Tulsa, Okla., William Edward Clymer, a doctor located in Pawnee, Oklahoma, was sentenced to 24 months in prison, three years of supervised release, and ordered to pay $350,793 in restitution to the Internal Revenue Service (IRS). He was also ordered to cooperate with the IRS in filing his 2003-2005 taxes. On January 3, 2011, Clymer pleaded guilty to tax evasion for calendar year ...

Pennsylvania Man Sentenced for Failing to File Tax Return

Written by TaxSqueal. Posted in Blog, Recent Tax Fraud Cases, Tax Fraud Cases

On November 23, 2010, in Pittsburgh, Pa., Edward Siceloff was sentenced to 12 months in prison to be followed by 12 months of supervised release on his conviction of failing to file a tax return.  According to information presented to the court, during 2004, Siceloff received income in the amount of approximately $763,926 from his sales of corporate stock, but he failed to file his income tax ret ...

California Dentist Sentenced for Filing False Tax Returns

Written by TaxSqueal. Posted in Blog, Tax Fraud Cases

On November 18, 2010, in San Diego, Calif., Lewis Donald Guess was sentenced to serve 18 months in federal prison for filing false income tax returns. According to court documents, Guess, a dentist, owned and controlled the xélan Family of Companies, which specialized in financial planning and aggressive tax management for medical professionals. Guess also controlled the xélan Foundation, which ...

Tax Fraud Investigations Via The Specific Item Method Of Proof

Written by TaxSqueal. Posted in Blog

Financial investigators and IRS Criminal Investigation Special Agents most frequently utilize a technique known as the “specific item method of proof” when building a tax fraud case. This method allows the investigators to present proof that an individual suspect received or disposed of income from a particular source(s) and failed to report the income for tax purposes. The source(s) of income ...