Business Owner Pleads Guilty to Tax Fraud

A Garden Grove, California, business owner who built small electronic airplane parts for C5 cargo planes and F18 fighters has pleaded guilty to tax fraud.

Shann Mou Lee, 69, of Buena Park, owner and operator of Roger Industry located in Garden Grove, pleaded guilty to a one-count criminal information charging him with subscribing to a false income tax return.
 
According to the plea agreement, in April 2010 Lee and his wife filed a joint 2009 federal income tax return, failing to report income received from Roger Industry. On this return, Lee stated that his total income was $347,536, omitting income received from Roger Industry of $124,949. The unreported income caused a tax loss to the government of $39,046.
 
Lee further admitted that because of his failure to report income for the 2008, 2009, and 2010 calendar years, he owes a total of $67,573 in income taxes to the IRS.
 
When sentenced on January 14, 2013, Lee faces a statutory maximum sentence of three years in federal prison.
 
The investigation and prosecution of Lee was conducted by IRS - Criminal Investigation in conjunction with the United States Attorney's Office in Santa Ana.
 
Source: September 12, 2012, US Department of the Treasury News Release
 

You may like these other stories...

Four Minneapolis-Based Return Preparers Indicted for Conspiracy, Aggravated Identity Theft, and Preparing False Returns A sixty-three-count superseding indictment charging Chatonda Khofi, Ishmael Kosh, Amadou Sangaray,...
Bay Area Woman Guilty in Investment Scam That Caused Over $9 Million in Losses A San Jose, California, woman was convicted December 18 of a federal fraud charge for running a Ponzi scheme that bilked more than 250...
It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.