Tax Fraud Promoter Gets 42 Months
Following a three-week trial in Denver that resulted in his conviction on charges of conspiracy to defraud the United States and filing false tax returns, tax fraud promoter Robert N. Bedford, 60, of Seminole, Fla., was sentenced to serve 42 months in federal prison and three years of supervised release.The evidence established that Bedford provided legal and tax advice to his co-conspirators on how to circumvent IRS regulations and create false documents designed to disguise the movement of approximately $8 million dollars of unreported income to secret offshore accounts.
According to evidence presented at trial, the scheme involved setting up shell corporations for businessmen that were used to conceal approximately $8 million in taxable income in secret accounts in the Turks & Caicos and other foreign countries from 1992 through 2001.
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Tags: FALSE TAX RETURNS, tax fraud
