A Massachusetts financial adviser who allegedly submitted
more than $2.2 million in fake financial instruments called “bills of exchange”
and checks drawn on a closed bank account to pay his tax bills is convicted by
a jury in federal court on 17 counts of tax crimes and contempt.
The DOJ reported on their website January 25,2012 that a jury convicted
Attleboro, Mass., licensed stockbroker, insurance agent and financial advisor
Kevin P. Mahoney today on tax and contempt of court charges, the Justice
Department and Internal Revenue Service (IRS) announced. Trial began on Jan.
23, 2012, before U.S. District Judge Joseph Tauro, sitting in Boston. Mahoney
was charged with one count of corruptly endeavoring to obstruct the
administration of the Internal Revenue laws, eight counts of contempt of court
and eight counts of filing false tax returns. He was convicted of all counts.
The
evidence at trial showed that Mahoney had failed to pay all of his taxes for
the years 1996 through 2001, leading the IRS to assess Mahoney for taxes,
interest and penalties for some of those years. Mahoney had attempted to pay
these tax-related debts by submitting to the IRS more than $2.2 million in fake
financial instruments called Bills of Exchange and checks drawn on a closed
bank account.
In
addition, after filing for bankruptcy, Mahoney caused a worthless promissory
note made by another individual to be submitted to the IRS as purported payment
for approximately $805,000 in taxes that Mahoney owed to the IRS.
Just
when I thought that I had heard it all?
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