[vc_row][vc_column][vc_column_text]The Justice Department said his evasion caused a tax loss of more than $500,000.
An electrical engineer was convicted at trial of tax evasion.
According to court records, John Everson, of Liberty City, Ohio, used a sham trust to help conceal three years of income he earned from his business.
Everson owned an electrical engineering business. From approximately 2012 through 2015, Everson earned more than $1.3 million in income from the business.
He attempted to conceal much of this income and evade personal income taxes he owed to the IRS by instructing his clients to pay a trust that he controlled.
Everson used the money in the trust to pay personal expenses and make large cash withdrawals. He also funneled some of the trust funds to other bank accounts held in the names of nonprofit organizations that he and several family members controlled.
To further conceal his income and assets from the IRS, Everson put his home and personal airplane in the name of the nonprofit organization.
In total, Everson’s conduct caused a loss to the U.S. Treasury of more than $500,000.
Everson faces up to five years in prison on each of three counts.[/vc_column_text][us_image image=”3541″][/vc_column][/vc_row]
