US EditionWealthy Lawyer Ordered to Prison in Tax Evasion Charge
KING COUNTY, WASHINGTON, JUL 14 – Steven T. Loo concealed $4.7 million in income using shell companies and fund transfers, leading to his conviction on 12 counts of tax evasion and false tax returns.
- Steven T. Loo, a 69-year-old Seattle real estate owner, was found guilty of tax evasion involving undeclared income across Washington and California.
- Loo concealed over $4.7 million using shell companies and fund transfers, leading to a tax loss of nearly $795,000, and the jury deliberated seven hours before the verdict.
- In related cases, lawyers Raymond Gupta and John C. Carnes pleaded guilty and were sentenced to prison terms for evading millions in taxes over multiple years.
- Between 2013 and 2018, Gupta earned $8.6 million. After pleading guilty on July 9 to tax evasion, he was sentenced by a federal judge to serve two years in prison, pay a $15,000 penalty, and compensate the IRS with $1.7 million in restitution.
- The convictions highlight persistent tax evasion tactics by professionals and real estate owners, suggesting intensified IRS scrutiny and legal consequences for such offenses.
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Independence attorney sentenced to nearly 2 years in federal prison for tax evasion
KANSAS CITY, Mo. — An Independence, Missouri, attorney has been sentenced to federal prison for tax evasion. John C. Carnes, 70, pleaded guilty on Nov. 25, 2024, to evading the payment of $794,540 in income taxes, according to Acting U.S. Attorney Jeffrey P. Ray. Jackson County Executive Frank White pitches Gov. Kehoe adjusted approach to sales tax extension Carnes was sentenced to 21 months in federal prison on Monday by U.S. District Jud…
·Kansas City, United States
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Total News Sources11
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
13%
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