Monday, November 19, 2007
It's a shame that people blame, demonized, stereotype Undocumented Immigrants just for their own arrogance.
They said that Undocumented Immigrants do not pay taxes...Just read this as a Tax Evasion from a Citizen.
CEO OF START-UP COMPANY SENTENCED TO 30 MONTHS IN PRISON FOR TAX EVASION
Failed to Report more than $1.1 Million of Income.
OAKLAND - United States Attorney Scott N. Schools announced that yesterday afternoon John Frances Griffin was sentenced to 30 months in prison for his guilty plea to two counts of tax evasion. These charges are the result of an investigation by the Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation.
John Frances Griffin, 43, of Orinda, California, was indicted by a federal grand jury on May 18, 2006, and charged with three counts of mail fraud. On November 30, 2006, a superseding indictment was returned charging Mr. Griffin with two counts of tax evasion. On April 26, 2007, a second superseding indictment charged Griffin with fifteen counts of mail fraud, one count of wire fraud, and two counts of tax evasion. In the plea agreement, Mr. Griffin pled guilty to both counts of tax evasion.
According to the plea agreement, Mr. Griffin was the Chief Executive Officer of VaporTech, Inc., a start-up company located in Livermore, California, involved in the research and development of technology which converts fuel to hot water, high quality steam, or superheated water vapor. As CEO, Mr. Griffin recruited investors and ran the day-to-day operations of VaporTech. He received a monthly salary and had possession of the corporate debit card and bank account. Mr. Griffin also raised over $2.5 million from investors. During the calendar years 2004 and 2005, Mr. Griffin received taxable income in excess of $1,198,700 yet failed to file federal income tax returns. Mr. Griffin admitted that he evaded the assessment and payment of his income taxes by paying for personal items with cash, cashier's checks, and the company's debit card. He also cashed his salary checks instead of depositing them.
United States District Judge Claudia Wilken ordered Mr. Griffin to pay $746,615.83 in restitution to the victim Vapor Tech and to pay a $5,000 fine. Judge Wilken also ordered Mr. Griffin to forfeit numerous items, including $75,000, expensive jewelry including a $30,359 diamond ring and a $3,425 gold tennis bracelet, electronic equipment, and thousands of dollars worth of clothing and wine.
Maureen Bessette is the Assistant U.S. Attorney who is prosecuting the case with the assistance of Cynthia Daniel. The prosecution is the result of an investigation conducted by the Internal Revenue Service - Criminal Investigation (IRS-CI) and the Federal Bureau of Investigation