Verdicts
North Carolina Business Man Acquitted of Tax Evasion
July 17, 2009
A North Carolina business man who had been charged with three counts of tax evasion (26 U.S.C. § 7201) and three counts of filing false tax returns (26 U.S.C. § 7206), was found not guilty on all counts today in the United States District Court for the Eastern District of North Carolina. The case, which was tried over several weeks, involved allegations of fraudulent tax shelters and overseas bank accounts.
The Defendant was represented at trial by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.
Judge Orders Release of Man Jailed for Tax Evasion
April 18, 2008
A North Carolina Superior Court Judge today ordered the immediate release of a man jailed after being found guilty of multiple counts of tax evasion and filing false income tax returns. The Defendant had represented himself at trial, and upon being found guilty, had been sentenced to multiple consecutive terms of imprisonment.
The Defendant’s family subsequently hired Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina, who successfully obtained the Defendant’s post-conviction relief.
IRS Drops Investigation of North Carolina Businessman
January 25, 2008
After a lengthy investigation by Special Agents of the Criminal Investigation Division of the IRS, a North Carolina businessman was advised today that the IRS was dropping its investigation. The case involved allegations of willful failure to file income tax returns and to timely pay millions of dollars in federal income taxes.
The businessman was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.
IRS Drops Investigation of North Carolina Businessman
June 15, 2006
Special Agents of the Criminal Investigation Division of the IRS advised a North Carolina businessman today that they were dropping their criminal investigation of tax returns filed on behalf of his business. At issue were hundreds of thousands of dollars of alleged improper expenses deductions.
The businessman was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.
Department of Justice Kills IRS Criminal Prosecution
March 15, 2006
The U. S. Department of Justice announced today that it was killing the IRS’s recommended criminal prosecution of a North Carolina businessman. The investigation had centered on alleged abusive trusts which sheltered practically all of the man’s income for several years.
The businessman was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.
Voluntary Disclosure Saves North Carolina Businessman
March, 17, 2005
Special Agents of the North Carolina Criminal Investigation Division informed a North Carolina businessman today that they were dropping their investigation of allegations that he had failed to report substantial business income on his North Carolina tax returns. Agents cited the fact that the man’s attorney, Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina, had previously arranged a voluntary disclosure of the suspected improprieties.
The businessman was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.
North Carolina Jury Acquits Man of Tax Evasion and Filing False Returns
October 14, 2004
A North Carolina jury took less than three hours to acquit a local businessman of filing false income tax returns and failing to remit Sales and Use taxes to the State of North Carolina. The Defendant had previously rejected a plea bargain calling for him to serve two years active imprisonment.
The Defendant was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.