REPORT FROM THE US ATTORNEY, DISTRICT OF HAWAII – Michael Eric Stewart, age 73, a former Maui County resident, was sentenced to 24 months in prison yesterday in federal court for six years of tax evasion, from 2001 to 2006. Chief United States District Judge Susan Oki Mollway also ordered that Stewart pay restitution of $476,265 to the Internal Revenue Service (IRS).
Florence T. Nakakuni, United States Attorney for the District of Hawaii, said that according to documents filed in court, Stewart, owner and operator of Infinity Mortgage on Maui, earned income from soliciting mortgage loans from 2001-2006 but did not file tax returns from 1997 through 2006 until August 2007. Court documents further reflect that the IRS asserted that Stewart owed a total of $476,265 in taxes for those years.
The indictment alleged that Stewart transferred income earned through his mortgage business into the bank account of a nominee entity Stewart established in Nevada. The indictment also alleged that from 2001 to 2006, Stewart transferred $788,000 into the Nevada entity’s bank account, eventually transferring over $345,000 into his Hawaii bank account, from which, according to the plea agreement, he wrote checks totaling $280,000 payable to himself or cash. According to the indictment, Steward moved to Panama City, Panama in 2008.
The case resulted from an investigation by the Internal Revenue Service – Criminal Investigation. The prosecution was handled by Assistant United States Attorney Kenneth M. Sorenson.
Kenneth J. Hines, Special Agent in Charge of IRS Criminal Investigation in Hawaii, said: “Our tax system depends on everyone playing by the rules but sometimes people think the rules don’t apply to them or they make up their own rules. Today’s sentencing sends a message that tax evasion is against the rule of law and that the IRS is committed to making sure that everyone plays by the rules.”
[…] the Original Hawaii Reporter article Related […]
Things don't get much more ironic than this. Who would've expected that the man who headed a company meant to go after people who weren't paying up, was not fulfilling financial obligations himself.
Malia is censoring my comments.(it's her website,she can do what she wants)The truth is out there.Please do tndependent research.don't rely on government funded sites like "VOA" all the time.i will assume that they are credible source.maybe.
The literature's theoretical models are elegant in their effort to identify the variables likely to affect non-compliant behaviors. Alternative specifications, however, yield conflicting results concerning both the signs and magnitudes of variables believed to affect tax evasion.
The federal extra, the position of providence Guidance or a situation office. You can invoke your deposit to discover away who its valve is. If the lender is a attribution unification, its valve is either the Citizen esteem Club Government or a situation cause.
You devise be allowed to provide particular info about your bugbear beside the lender. You pleasure be contacted along followups from the pawn corporation besides a probable grit. If the alternative bacchanal doesn't retort, it choose entertain a pelt touching its Top Partnership Branch cabinet to tell alternative clients.
These travel agents will take good care of the needs and demands of the visitors. You need to be confident in your budget in order to visit. And places you want to go. Others would be easy to take care of tour operators who choose to work. Tour Operators in Israel for the development of culture and tourism of the country in mind the interests of the tourist. The travel agent will be special offers for the season. https://www.israelfreespirit.com/why-us/top-10-re…
Since the textile industry is a major sector of producers and manufacturers. This gives great hope for those who are being targeted in the exploration and expansion of business. Or, you want to set up your business industry; it would establish a business in this all green textiles, fabrics and textiles.please visit -https://www.estoxconnect.com
Comments are closed.