Richland Hills man sentenced for not reporting stolen funds to IRS

07/01/2014 4:52 PM

07/01/2014 4:52 PM

A Richland Hills man accused of embezzling more than $250,000 from the Las Colinas Country Club in Irving was convicted of tax evasion Tuesday and faces five years in prison.

From 2006 to 2009, Jeffery James took more than $250,000 from the country club, where he was a director of club accounting, the U.S. attorney’s office said in a news release. A jury convicted him of one count of tax evasion Tuesday for failing to report the stolen money on his federal tax return for 2007, the release says.

Assistant U.S. Attorneys Chris Wolfe and Doug Allen presented evidence that James and his wife reported $57,542 as their joint taxable income for calendar year 2007, with taxes due of $5,639, the release said. James knew that his household’s taxable income for that year was $153,959 and that he owed $32,059 in taxes, the release says.

James, who is free on bond, faces a maximum five-year prison sentence and a $250,000 fine, the release said. Sentencing is set for Oct. 17, it said.

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