OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
... and yet another Terry Neal-related conviction ...
Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 4/26/2004 8:44:24 PM

By: Sooltauq

RENO, NV, April 20
Best-selling Tahoe author Dale Brown pleads guilty to tax fraud
Email to a Friend Printer Friendly Version

A famous author who lives at Lake Tahoe has pleaded guilty to federal tax fraud.

Military-techno writer Dale Brown pleaded guilty in federal court in Oregon Monday to filing a false 1998 income tax return with more than $440,000 in fraudulent expenses. Federal prosecutors say it was part of an offshore tax evasion scheme.

The 47-year-old Brown lives in Incline Village. He is the author of 13 New York Times best sellers, including "Flight of the Old Dog," "Fatal Terrain" and "Warrior Class."

Prosecutors say he deducted the fictitious expenses for research and marketing expenses in a company in the West Indies and an insurance policy with a company in Grenada. They say it was part of a scheme promoted by Terry Neal of Oregon, the author of the book "The Offshore Advantage" and a high-profile advocate of offshore asset protection strategies.

Neal earlier pleaded guilty to conspiring to defraud the United States government as part of the scheme that has been under investigation since 2002.

Among other things, prosecutors say Brown used the scheme to help pay for remodeling expenses for a new residence. He is scheduled to be sentenced in Portland on August ninth. He faces a maximum penalty of up to three years in prison and a $250,000 fine.

(Copyright 2004 by The Associated Press. All Rights Reserved.)


 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory databases, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.