tag:blogger.com,1999:blog-1519969502186924526.post1009041975561739024..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Atypical Foreign Bank Account Related Sentencing (4/5/12)Jack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1519969502186924526.post-11500241522455868982012-04-05T13:47:04.536-05:002012-04-05T13:47:04.536-05:00Per the article he was involved in running and pro...Per the article he was involved in running and promoting a Ponzi scheme, as an investment fund. Some of the other principals were sentenced to as much as 60 and 70 months.<br /><br />For some reason they were not charged with that crime, but rather with tax evasion.<br /><br />Although they were ordered to pay some restitution to the clients.<br /><br />Maybe, like with Al Capone, if they can't be sure to convict him on the more serious charges, they use the "lesser" crime of tax evasion instead.<br /><br />In this case, the reason could have been that he moved to fund to Costa Rica, and removed all evidence from the US. Not being able to subpoena evidence could have hampered a prosecution on the more serious charges.Mnoreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-12273113538874961742012-04-05T13:26:59.748-05:002012-04-05T13:26:59.748-05:00he received 21 months which is a lot compared to t...he received 21 months which is a lot compared to the tax loss caused by him in comparison to other sentences mentioned earlier in the blog. i wonder if the fact the he was a fugitive increased his sentencing.Anonymousnoreply@blogger.com