Cincinnati-Area Man Sentenced for Tax Crimes

Homer Lee Richardson of Loveland, Ohio, has been sentenced to 30 months in prison for his role in a complex scheme to evade taxes. Richardson, a former promoter of sham trust systems, had previously pleaded guilty to corruptly endeavoring to obstruct and impede the due administration of the Internal Revenue Code, aiding and assisting in the preparation of a false income tax return on behalf of another individual, and filing his own false individual income tax returns for the years 1998, 1999 and 2000.

According to the indictment, Richardson marketed and promoted sham trusts for an organization known as Aegis. These trusts had no economic substance or business purpose and falsely gave the appearance that Aegis members relinquished control over their assets. Taxpayers who used these trusts filed false federal individual income tax returns, understating their income.

Richardson also attempted to obstruct Internal Revenue Service (IRS) audits of his own and at least one other individual’s income taxes. Finally, Richardson filed his own false tax returns, which falsely understated his income.

U.S. District Court Senior Judge Sandra S. Beckwith sentenced Richardson to 30 months in prison and one year of supervised release. The court also ordered Richardson to pay a $60,000 fine and $61,212 in restitution.

John A. DiCicco, Acting Assistant Attorney General for the Justice Department’s Tax Division, commended IRS Criminal Investigation Special Agent Ankur Arora, who investigated the case, as well as Tax Division trial attorneys Thomas Voracek and Rita Calvin, who prosecuted the case.

The indictment alleges that Richardson’s scheme caused significant financial losses to the U.S. Treasury. His sentencing serves as a reminder that tax evasion and obstruction of IRS audits will not be tolerated.

The Justice Department’s Tax Division continues to investigate and prosecute tax crimes with the goal of protecting the integrity of the tax system.

More information about the Justice Department’s Tax Division and its enforcement efforts is available at www.usdoj.gov/tax.

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