CALIF. BUSINESSMAN GUILTY ON TAX CHARGES
Michael Ray Gorden, 40, of Clovis, Calif., pleaded guilty on Sept. 8, 2008, to one felony count of conspiring to defraud the United States, and two felony counts of making and subscribing to false tax returns.
Gorden is the president and sole shareholder of Mike Gorden Software Solutions.
According to prosecutors, from 2001 to 2005, Gorden conspired to defraud the United States by causing MGSS to pay at least $339,792 of Gorden’s personal expenses with corporate funds and then causing them to be deducted as business expenses on; and failing to disclose at least $266,454 in disguised personal income.
In his guilty plea, Gorden admitted that he thereby caused MGSS’s corporate income tax to be underreported by at least $93,770, and that he caused his individual income tax for the 2001-2004 tax years to be under-reported by at least $117,525.
In the plea agreement, Gorden agreed to pay restitution to the United States in the amount of $211,295 and also agreed to pay all additional taxes, penalties and interest due
Gorden faces up to five years in prison for the conspiracy count and up to three years in prison for the two false tax return charges.
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Tags: filing false federal tax return
October 12th, 2008 at 5:14 pm
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