He was sentenced to 36 months, with $3,111,882 in restitution.
The following is an excerpt from the press release:
According to court documents and proceedings, Sathre sold a Minnesota business and received installment payments in 1995 and 1996 of more than $3 million. Sathre concealed his income by filing a 1995 tax return in which he reported only $64,928 in total income. Sathre then purchased land and set up another business, a gas station and convenience store in Sheridan, Wyoming, known as the Rock Stop.
According to court documents and proceedings, Sathre concealed assets by opening a foreign bank account in the Caribbean island of Nevis and by using purported trusts. In a 10 month period spanning from 2005 through 2006, Sathre sent over $500,000 to the account in Nevis to keep the funds out of reach from the IRS. When Sathre sold the Rock Stop in 2007, he wired over $1,250,000 from the sale proceeds to the trust account of a Wyoming law firm. He later directed the law firm to wire $900,000 from the trust account to his account at the Bank of Nevis. Sathre also provided a false declaration and false promissory note to the Bank of Nevis to conceal the source of this transfer and obtained a debit card linked to the foreign account to access funds locally. In addition, Sathre provided the Bank of Sheridan with an IRS form on which he falsely claimed that he was neither a citizen nor a resident of the United States.JAT Comment: I just picked this up and have not reflected on it. Moreover, I don't have immediate access to my spreadsheet. However, based on my recollection and experience, this seems to be one of the more onerous offshore account sentences. The cryptic information in the press release excerpted above indicates that a large amount of tax was evaded and some extra culpable steps were taken; in addition, there may have been significant relevant conduct. (See my prior blog on the indictment above). Still, maybe more will come out so that observers can fit this sentencing into the overall context of foreign account sentencings.) I assume but do not know that his guilty plea resulted in the dismissal of the indictment against his wife.