Vegas Man Gets 46 Months for Tax Charges
A Las Vegas man has been has been sentenced to 46 months in prison for mail fraud, money laundering and tax evasion.
On June 1, 2006, Frank Kolk, 50, pleaded guilty to the charges. In addition to his incarceration, Kolk was ordered to pay $2.5 million in restitution and satisfy his $1.3 million IRS debt.
The charges stem from Kolk’s scheme to defraud his employer, NCH Corporation. Kolk had been working as a consultant for NCH Corporation, which is engaged in real estate development as well as the operation of commercial franchises in Arizona and elsewhere.
Kolk was responsible for the accounting, record keeping and financial matters for the various NCH restaurants.
Kolk routinely wrote additional “payroll checks” and fake loan repayment checks to himself, without the knowledge of NCH. Kolk failed to report approximately $2 million in income for the tax years 2000 to 2003. Kolk used the money to purchase several luxury and high-end sports cars and a $2 million home in Tucson, Ariz.
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Tags: mail fraud, money laundering, tax evasion
