William Beavers Indicted On Tax Fraud Charges
By Chuck Sudo in News on Feb 23, 2012 8:00PM
A press release from the U.S. Attorney's office reads:
"Beavers allegedly concealed his under-reporting of income and underpayment of taxes on thousands of dollars that he converted to personal use from his campaign accounts - including more than $68,000 in personal gain on one occasion that was not reported - as well as from his county discretionary spending account. Between 2006 and 2008, Beavers allegedly paid himself more than $225,000 from three separate campaign accounts and used at least a portion of those funds for personal purposes, including gambling. In 2006, he used more than $68,000 from a campaign account to boost his city pension, and between 2006 and 2008, he used his $1,200 monthly county contingency account for personal purposes without reporting any of these funds as income on his federal tax returns, the indictment alleges."
Beavers faces one count of corruptly endeavoring to obstruct and impede the IRS and three counts of filing false federal income tax returns in a filing returned by a federal grand jury. We've included the indictment for your reading pleasure.