Business Owner Dhanesh Deoraj Ganesh Charged in Tax Evasion Scam
A high-profile business owner with ties to the DFW area has been federally charged with tax evasion, allegedly failing to pay taxes since 1992, according to U.S. Attorney for the Northern District of Texas Leigha Simonton.
Accused of a five-count indictment, 62-year-old Dhanesh Deoraj Ganesh faces charges of tax evasion, conspiracy to possess with intent to distribute a controlled substance, and conspiracy to launder monetary instruments, following his arrest on Friday.
According to the indictment, Mr. Ganesh concealed his ownership in his businesses using nominee names, including his ex-wife, his brothers, and his sons. The business owner did not have bank accounts in his personal name and did not have signatory authority on bank accounts opened in the names of the companies he controlled. Payments from these businesses were collected in check and cash form.
The checks were cashed at check-cashing businesses and then used to purchase cashier’s checks in amounts under $3,000. Mr. Ganesh allegedly did not file a personal or business income tax return since 1992, resulting in approximately $1.6 million in unpaid taxes.
Furthermore, the indictment alleges that Mr. Ganesh and others used some of the restaurants and bars to sell cocaine.
An indictment is merely an allegation of criminal conduct, not evidence. Mr. Ganesh is presumed innocent until proven guilty in a court of law.
If convicted, he faces a maximum penalty of 5 years in prison for each of the five counts of tax evasion, 20 years in prison for conspiracy to possess with intent to distribute a controlled substance, and 20 years in prison for conspiracy to launder monetary instruments.
The IRS – Criminal Investigations’ Dallas Field Division conducted the investigation. Assistant U.S. Attorney Mary Walters of the Northern District of Texas is prosecuting the case.
Related Federal Cases
- Craig J. Schexnaider, Tax Evasion, Beaumont TX, 2023 · Texas
- James Pavlounis, Social Security Administration Fraud and Tax Evasi… · Texas
- Karen McGinnis, Tax Theft, Mountain Top PA, 2023-2025 · Pennsylvania
- Tren de Aragua Leaders Unsealed, Terror Cartel Crimes, Texas, 2023 · New Mexico
- Pam Bondi, Money Laundering, Texas, 2023 · New Mexico
Key Facts
- State: Texas
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
