Our Videos

October 22, 10

NEWS / San Diego County, California, Attorney Pleads Guilty to Tax Evasion


WASHINGTON - Craig Shaber, a practicing attorney from San Diego County, Calif., pleaded guilty Thursday in federal court before U.S. Magistrate Judge Anthony J. Battaglia to one count of tax evasion for the 2000 tax year, the Justice Department and Internal Revenue Service (IRS) announced today.

According to the indictment and other documents filed in San Diego federal court, between the years 1999 and 2002, Shaber and Steven Wright, an accountant who pleaded guilty to tax evasion in August 2009, fraudulently acquired control of numerous public shell companies. They acquired control of the companies by, among other things, installing nominee officers and directors and submitting false registration statements and reports to the U.S. Securities and Exchange Commission (SEC) and the National Association of Securities Dealers, now known as the Financial Industry Regulatory Authority.

Shaber and Wright earned millions of dollars from the sale of these public shell companies and deposited the proceeds into a bank account in the name of Bonaventure Capital Ltd., and one of Shaberís client trust bank accounts. In 2002, Shaber and Wright received $260,000 in cash from the sale of one of these companies. In 2003, the SEC filed a complaint related to Shaberís and Wrightís conduct selling these public shell companies.

According to the indictment and other documents filed in the case, Shaber and Wright then evaded taxes on the millions of dollars earned from the sale of the public shell companies. They withdrew these proceeds for their own personal benefit and concealed their receipt of the income. Shaber and Wright disbursed these funds to various bank accounts in the names of nominee entities that they controlled and used accounts in the names of nominee entities to pay for personal expenses.

Shaber used the proceeds from the shell company scheme to purchase numerous luxury items, including his personal residence in Coronado, Calif., a McDonnell Douglas helicopter, a World-War-II-era Tigercat airplane, a Plymouth Prowler, a Porsche 996 Turbo and art work. Wright also purchased significant assets, including property in Poway, Calif., a condominium in Mammoth Lakes, Calif., a BMW X5 and art work.

Shaberís sentencing is set for Jan. 21, 2011, and Wrightís sentencing is scheduled for Feb. 28, 2011.

These cases are being investigated by IRS Criminal Investigation and are being prosecuted by Tax Division Trial Attorneys Christopher J. Maietta and Timothy J. Stockwell.

http://www.justice.gov/opa/pr/2010/October/10-tax-1188.html

Tags: criminal investigation, document,
 




Testimonials

AnnaMaria Realbuto
Thank you for all your assistance and efficiency...
Read More »
Kateryna Melnychenko
Thanks a lot Anton!...
Read More »
Rani Payne
Thank you so much! Iím sure I will be in touch again with something else that will need to be apost...
Read More »
Serge Bauer Law
Thank you again for your help with this case!...
Read More »



FAQ

Can a Notary public notarize a document without a Notarial Certificate?
Read More »
Can anybody become a Notary Public? What are the requirements for becoming an Arizona Notary Public?
Read More »
Is it safe to travel to ... ?
Read More »
How long may an organization be authorized to issue health care worker certificates?
Read More »






News

May 24, 24
Death certificate of Michigan teenage killed in police pursuit lists trauma as cause of death
Read More »
May 22, 24
Premature baby born to US couple finally issued birth certificate
Read More »
May 16, 24
Bureaucratic snafu with birth certificate strands young US couple with newborn baby in Brazil
Read More »
May 13, 24
Apostille Convention to Take Effect in Rwanda in June
Read More »