|
JURY CONVICTS LEE’S SUMMIT COUPLE
FOR FALSE TAX RETURNS (MAY 4TH 2007)
KANSAS CITY, Mo. – John F. Wood, United States Attorney for the Western District of Missouri, announced that a Lee’s Summit, Mo., husband and wife, who operated a multi-million dollar firm marketing trusts and a retail business selling American Silver Eagle coins, were convicted in federal court today for aiding and abetting the filing of false tax returns.
James E. Aldridge, Jr., 51, and his wife, Shirley L. Aldridge, 49, both of Lee’s Summit, were found guilty of all five counts contained in a federal indictment of aiding and abetting each other to file false tax returns from 2001 through 2005. They earned more than $1,685,000 during that five-year period and evaded $654,257 of federal income tax owed.
“The defendants devised a complicated network of sham trusts designed to evade paying federal income taxes,†Wood said. “They lived in a nice home and drove expensive cars while claiming virtually no income on their tax returns. Revenue from a questionable business operation was hidden behind layers of abusive trusts. Ironically, this wealthy couple had no moral qualms about claiming the earned income credit, which is intended to help low-income people.â€
http_//www_usdoj_gov/usao/mow/news2007/aldridge_conv_htm
_________________
Who would want trouble from the IRS? Not me!
|
Login
FAQ
Search
