Joshua E. Knisley, Financial Crimes, Ohio 2013

A Dayton, Ohio financial planner has been sentenced to 15 months in prison for bilking his clients out of hundreds of thousands of dollars.

Joshua E. Knisley, 35, of Wilmington, Ohio, was sentenced to 15 months in prison and five years of supervised release for willfully filing a false federal income tax return with the Internal Revenue Service (IRS), wire fraud, and money laundering.

Knisley was also ordered to forfeit a 2006 Jeep Commander.

According to court documents, between January 2007 and June 2011, Knisley was a business partner in a retail boat business known as 77 Marine and a financial advisor for several individuals.

Knisley engaged in an extensive scheme to defraud his financial advising clients, various employees and customers of Marine 77, various financial institutions, and the IRS.

In December 2010, Knisley willfully filed a false federal income tax return with the IRS for the 2007 income tax year claiming total income in the amount of $21,967, when he actually received approximately $153,761.75 in additional total income.

The total tax loss to the IRS caused by Knisley filing false federal income tax returns with the IRS was approximately $66,908 for the 2007-2009 income tax years.

In addition, Knisley caused federal employment tax losses to the IRS in the amount of approximately $68,239.98 for 2008-2011 income tax years.

Knisley previously pleaded guilty to these charges on June 7, 2013.

This case was prosecuted by Assistant United States Attorney Dwight Keller and was investigated by special agents from IRS, Criminal Investigation and the FBI.

Knisley’s sentence was handed down by U.S. District Court Judge Thomas M. Rose on June 7, 2013.

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