Man convicted of tax evasion
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A Harrison man faces 18 years in prison and up to $755,000 in fines after a U.S. District Court jury in Cincinnati on Wednesday found him guilty of tax evasion. According to the Internal Revenue Service, Drew Gilliam in 1999 stated his taxable income was zero. The following two years, he got income in excess of $294,000 but failed to file a federal income tax return, the IRS said. The agency said more than $89,000 was due from 2000 and 2001. Gilliam was also accused of concealing assets through the marketing and selling of what are called nominee trusts. Gilliam was indicted in February and the trial began on Monday. It was unclear late Wednesday afternoon when sentencing would be. |