Robert J. Fedor, Esq., L.L.C.

NBA and NFL sports agent indicted on tax crimes

Individuals who are accused of criminal activities related to tax crimes face serious punishment. In many cases, individuals charged in crimes such as tax evasion, tax fraud and money laundering face several years in prison as well as hefty fines.

Federal prosecutors recently indicted an NBA and NFL sports agent on charges related to allegedly evading more than $2 million in taxes. Criminal charges filed against the well-known sports agent include tax evasion and embezzlement.

According to the indictment, the sports agent is accused of underreporting income for tax years 2005 through 2009. He currently faces criminal charges related to tax evasion and could potentially be sentenced to five years in federal prison. Additionally, the man faces additional criminal charges related to filing false tax returns for a total of five years. Such tax crimes carry a penalty of up to three years in prison for each year or a total of 15 years for the accused agent.

Additionally, the agent is accused of embezzling funds from a former NBA client and failing to report roughly $600,000 in gambling profits.

Individuals who are accused of criminal activity related to tax evasion or filing false tax returns would be wise to seek legal advice. A criminal defense attorney who handles matters related to tax crimes can be an invaluable resource in helping ensure a client's rights are protected. Additionally, in many cases a criminal defense attorney is able to secure reduced charges or a reduced sentence should a client be found guilty.

Source: San Antonio Express-News, "NBA sports agent from S.A. accused of dodging taxes," Guillermo Contreras, April 8, 2013

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