A federal judge in South Dakota handed down a sentence to an 86-year-old Longmont, Colorado man who was found guilty of impeding the Internal Revenue Service.
Loren Brown received a three-year probationary period, a $3,000 fine, and a $100 special assessment to the Federal Crime Victims Fund.
The conviction was the result of events that started in April 2004, when Theodore Nelson and his son Steven Nelson set up over 25 fictitious trusts to conceal their assets and income from the Internal Revenue Service and avoid having to pay federal income taxes.
The Nelsons made use of Brown’s forms. One of the goals of the trusts was to make it challenging for the IRS to assess how much federal income tax the Nelsons owed.
Before John Sheridan’s passing in 2011, the Nelsons named Loren Brown and John Sheridan as trustees for the trusts.
The Nelsons were able to distance themselves from their assets and income by creating multiple layers in this way.
The Nelsons were able to evade taxes by hiding their assets and income thanks to Brown’s willingness to serve as successor trustee.
Letcher, South Dakota, is home to the Nelsons. The majority of the acts taken on behalf of the Nelsons’ tax evasion in South Dakota were carried out by Loren Brown and his co-defendant, Randy L. Garriss, who served as signatories for South Dakota bank accounts connected with Nelson trusts.
By mailing a Protest and Demand for Administrative Review to the IRS on behalf of the Nelsons, Brown and Garriss corruptly attempted to obstruct and impair the proper implementation of the internal revenue laws.
In his capacity as trustee for the trusts for Steve Nelson and the Nelsons, Garriss signed on behalf of both himself and Brown. The IRS received the correspondence on January 5, 2016.
IRS Criminal Investigation looked into this situation.
Randy L. Garriss, 68, of Lamar, Colorado, was found guilty by a federal jury in South Dakota of conspiring to defraud the government and attempting to obstruct the administration of internal revenue laws.
The charges are punishable by a maximum of three years of supervised release, a $250,000 fine, five years in federal prison, and a $200 special assessment to the Federal Crime Victims Fund.
The convictions were related to events that started in April 2004, when Theodore Nelson and his son Steven Nelson set up over 25 fictitious trusts to conceal their assets and income from the Internal Revenue Service and avoid being taxed and paying taxes on them.
To make it challenging for the IRS to assess the Nelsons’ federal income tax liability, the trusts were created.
Before John Sheridan’s passing in 2011, the Nelsons named Loren Brown and John Sheridan as trustees for the trusts.
The Nelsons were able to distance themselves from their assets and income by creating multiple layers in this way.
As a trustee for the trusts owned by the Nelsons, Garriss joined the conspiracy in 2011. The Nelsons were able to conceal their assets and income from the IRS because of Garriss’s acts as the trustee.
Among other things, Garriss sent anti-tax documents to the IRS on behalf of the Nelsons to corruptly obstruct and hinder the proper administration of the internal revenue laws.
In his capacity as trustee for the trusts for Steve Nelson and the Nelsons, Garriss signed on behalf of both himself and Brown.
Read more:-
- A $168 Million Budget for the City of Covington That Receives New Financing Is “Transformational”
- Scholarships Are Awarded to West and Singh by the Fine Arts Society of Liberty, Texas
- New Subsidy Program by BWP to Assist Residents With Electric Bills
Combating abusive tax avoidance schemes and the people who support them is one of IRS Criminal Investigation’s biggest priorities, according to Special Agent in Charge Tyler Hatcher.
The U.S. Attorney’s Office and IRS Criminal Investigation will collaborate to prosecute tax cheats, as evidenced by Randy Garriss’ guilty conviction for his agreement to conspiracy against and obstruct the IRS with Ted Nelson, Steve Nelson, and Loren Brown.
IRS Criminal Investigation looked into this situation.
On September 12, 2022, a sentencing date was set along with a presentence investigation. Before being sentenced, the defendant was released on bond.
