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Kent Jensen, Tax Evasion, Oregon 2021

A former certified public accountant and chief financial officer of a McMinnville, Oregon company, Kent Jensen, was sentenced to 18 months in federal prison for evading $99,000 in personal income taxes.

Jensen, 58, was sentenced to 18 months in federal prison and three years’ supervised release by U.S. District Court Judge Karin J. Immergut on April 19, 2021.

According to court documents, in 2014 and 2015, Jensen set up several nominee companies and nominee bank accounts to conceal most of his personal income from the IRS. Jensen arranged for his financial consulting clients to pay his consulting fees to these nominee companies. He then deposited the funds into nominee bank accounts and used the proceeds for personal expenses.

In 2014 and 2015, Jensen submitted false personal income tax returns that substantially underreported his personal income and the taxes owed.

Jensen was charged by criminal information with two counts of felony tax evasion in February 2021. He pleaded guilty to both charges on April 19, 2021.

During sentencing, Judge Immergut ordered Jensen to pay $99,000 in restitution to the IRS.

Acting U.S. Attorney Scott Erik Asphaug of the District of Oregon made the announcement.

This case was investigated by IRS Criminal Investigation and prosecuted by Seth D. Uram, Assistant U.S. Attorney for the District of Oregon.

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