Tax evasion scheme nets seller 13 years in prison

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.

Further reading:

Read the WebCPA

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