A federal grand jury in Providence returned a five-count indictment against a Milton real estate consultant charging him with tax fraud.
John Fall is charged with one count of corruptly endeavoring to obstruct and impede the IRS, one count of tax evasion and three counts of aiding and assisting in the preparation and filing of false corporate and individual tax returns. The indictment was unsealed today following Fall’s arrest, according to a press statement from the Department of Justice.
The indictment alleges that between 1999 and 2010, Fall, who handled his wife’s financial affairs as well, used numerous nominees and business names to conceal his business and financial transactions, the statement says. Fall also used multiple bank accounts, including commingled or “warehouse” bank accounts, in at least four states throughout the country, all in order to conceal his financial transactions as well as certain financial transactions of Comfort Dental and Broad Street Investments. To further disguise business and financial transactions, court documents allege that Fall used fake names and aliases to conceal his ownership and control over his nominee entities.
The indictment alleges that Fall filed false returns for 1998 and 1999, and failed to file any return for the years 2000 through 2010. The IRS audited Fall for the 1998 through 2000, assessing him taxes collectively totaling approximately $72,000. According to the indictment, Fall committed tax evasion by attempting to thwart IRS collection of these taxes by using multiple nominees, business names and fake names and aliases to disguise financial transactions and title assets, by using commingled bank accounts, by making extensive use of cash and by causing to be filed false and fraudulent documents in federal court disclaiming ownership and control over funds sought by the IRS to pay the taxes he owed.
The tax evasion charge carries a maximum sentence of five
years imprisonment and a $250,000 fine. The IRS obstruction charge and
the aiding and abetting of false returns charges each carry a maximum sentence
of three years imprisonment and a $250,000 fine.
This case was investigated by special agents with the IRS – Criminal Investigation. The case is being prosecuted by Assistant Chief John Kane and Trial Attorney Christopher O’Donnell with the Justice Department’s Tax Division.