If you steal $1.5 million, the IRS still wants you to report that as income

From Miami Herald, “This story starts with Pompano Beach’s Majestic Jet, a company that bought and sold aircraft, hiring Timothy Beverley in February 2010 and giving him signature authority on the company’s bank accounts. This happened after Beverley finished his federal prison sentence for wire fraud and before he paid the $18 million in restitution from that case.

This story ends, predictably, with Beverley being found guilty Tuesday by a federal court jury of filing fraudulent tax returns, wire fraud and filing false reports with the U.S. Probation Office.

Part of the reason the Probation Office reports were false and the tax returns were fraudulent, the Justice Department says — Beverley didn’t report the $1.5 million he embezzled as income.”

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s