Local tax preparer pleads guilty to tax evasion
May 20, 2013 | 2295 views | 1 1 comments | 12 12 recommendations | email to a friend | print
A 54-year-old tax preparer from Patterson pleaded guilty Monday, May 20, to tax evasion and using a money laundering technique to hide more than $1 million in a plea agreement she made with federal prosecutors.

Nohemi Villarreal Noriega, a tax preparer who owns Livingston-based Villarreal’s Business Services, admitted at the U.S. District Courthouse in Fresno to one count of tax evasion and one count of structuring bank transactions to conceal her income.

She indicated she evaded payment of $167,717 in taxes between 2006 and 2008, the office of U.S. Attorney Benjamin B. Wagner announced.

The plea agreement indicated that Noriega converted her income into cash and then deposited the income into multiple bank accounts she controlled. Noriega admitted that she then structured $1.024 million worth of withdrawals from her bank accounts in amounts of $10,000 or less to avoid filing Currency Transaction Reports and avoid paying taxes on that money.

Noriega agreed that about $188,900 seized at her house during execution of a search warrant could be applied to pay restitution to the Internal Revenue Service.

She is scheduled to be sentenced at 9:30 a.m. Aug. 5 before U.S. District Judge Lawrence J. O’Neill. She could face up to five years in prison and a $250,000 fine for tax evasion and up to 10 years in prison and a $500,000 fine for structuring. The actual sentence, however, will be determined by O’Neill based on federal sentencing guidelines and other factors.

Noriega’s guilty plea for both charges came after she had pleaded not guilty Feb. 16, 2012 to those crimes after being charged in a sealed indictment in January 2012.



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nashmiller
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May 20, 2013
The rest of us must be in the wrong business!


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