So. Fla. Real Estate Mogul Evaded Taxes
A Miami businessman has been charged with four counts of tax evasion.The federal indictment alleges that Jorge Alberto Valdes has not filed an income tax return since 1992 and has earned substantial income from the sale of real estate upon which he has not paid income tax for the years 2001, 2002, 2003 and 2004. According to the charges, Valdes formed a company called Valjor Investment Group II and listed his parents’ residential address as its principal place of business. Valdes is alleged to have used Valjor to receive income from the sale of real estate.
More specifically, as stated in court during the defendant’s initial appearance, Valdes earned $6.4 million during the years 2001 to 2004 and failed to pay tax of $1.5 million, not counting interest and penalties for those four years.
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Tags: tax evasion, unfiled tax returns
