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20 Oct 2008
A seller of illegal US tax-evading trust schemes has been sentenced to more than 13 years in prison.
Former Aegis manager William Cover, 72, was convicted of tax conspiracy, mail fraud, wire fraud, aiding and assisting the preparation of false tax documents and filing false personal tax returns, according to WebCPA.
The court also ordered the forfeiture of Court’s home and $4,125,000
His 160-month sentence follows the conviction of another scheme leader earlier in the month. Michael Vallone received an 18-year jail term for his part in the selling of domestic and foreign trust packages to wealthy taxpayer clients to help them hide income from the IRS.
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