Post by Logan on Jan 14, 2017 20:51:07 GMT -6
MISSOULA, Mont. (AP) — A northwestern Montana couple has pleaded guilty in a tax fraud case that alleges they hid assets and failed to pay more than $376,000 in federal taxes.
John and Peggy DeYoung, both 71, pleaded guilty Wednesday to one count of conspiracy to defraud the United States. They face five years in prison and a restitution order when they are sentenced on April 21.
The U.S. Justice Department said the DeYoungs opened bank accounts in the names of four trusts using false Employer Identification Numbers and paid more than $1.4 million in personal expenses out of those trust accounts between 2010 and 2015.
Prosecutors allege the DeYoungs were customers of a Wyoming business, Creative Consulting Group, which used a scam trust scheme to help customers hide income. Owner Joseph Hill of Cheyenne was sentenced in August 2015 to just over three years in federal prison for conspiracy to defraud the United States.
www.bozemandailychronicle.com/ap_news/montana/montana-couple-pleads-guilty-to-tax-fraud/article_11e17f53-e642-5e6a-8473-5f26e94d9302.html
John and Peggy DeYoung, both 71, pleaded guilty Wednesday to one count of conspiracy to defraud the United States. They face five years in prison and a restitution order when they are sentenced on April 21.
The U.S. Justice Department said the DeYoungs opened bank accounts in the names of four trusts using false Employer Identification Numbers and paid more than $1.4 million in personal expenses out of those trust accounts between 2010 and 2015.
Prosecutors allege the DeYoungs were customers of a Wyoming business, Creative Consulting Group, which used a scam trust scheme to help customers hide income. Owner Joseph Hill of Cheyenne was sentenced in August 2015 to just over three years in federal prison for conspiracy to defraud the United States.
www.bozemandailychronicle.com/ap_news/montana/montana-couple-pleads-guilty-to-tax-fraud/article_11e17f53-e642-5e6a-8473-5f26e94d9302.html