Actor Wesley Snipes taken into custody for tax evasion
by AccountingWEB on
Actor Wesley Snipes, known for his roles in White Men Can't Jump and Blade, has been taken into custody by federal authorities to begin serving three years in prison for failing to file income tax returns, according to TMZ.
U.S. District Judge Terrell Hodges rejected the movie star's request for a new trial, saying Snipes had a fair trial. On Friday, Hodges ordered him to report to prison as directed by the U.S. Marshals Service or Bureau of Prisons, Reuters reported.
Snipes's lawyer Daniel Meachum was reported to have told the Orlando Sentinel the ruling was shocking. "Wesley is very disappointed but staying strong and positive," Meachum said.
In denying the request for a new trial, ABC News reported that Hodges noted, "The defendant Snipes had a fair trial; he has had a full, fair, and thorough review of his conviction and sentence by the Court of Appeals; and he has had a full, fair, and thorough review of his present claims, during all of which he has remained at liberty. The time has come for the judgment to be enforced."
The 48-year-old was convicted two years ago of failing to file tax returns from 1999 to 2004 and failing to pay taxes on $38 million in income. He was sentenced to 36 months in prison and ordered to pay a $5 million fine. The judge allowed Snipes to be free on bail while the actor continued to work on a movie that already had begun filming.
Snipes asked for a new trial when his former financial advisor Kenneth Starr was arrested on securities fraud charges, arguing that Starr had been a key prosecution witness against him. He said the jury should have been told Starr was being investigated for fraud, but the judge denied his request. Starr has admitted he was guilty of defrauding clients, including Snipes, director Martin Scorsese, and photographer Annie Leibovitz.
In another twist, Snipes's attorneys said they had received e-mail from two jurors asserting that during trial deliberations, three jurors had decided to vote guilty before they had heard any evidence, according to TMZ.
You may like these other stories...
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was crafted by Representative Pat...
The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The Obama administration said...
Upcoming CPE Webinars
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.