Yurek Couple, Income Tax Evasion, Bankruptcy Fraud, Colorado 2015

DENVER, Colorado – A couple from Littleton, Colorado has been indicted for income tax evasion and bankruptcy fraud. Daryl F. Yurek, 60, and Wendy M. Yurek, 60, appeared before U.S. Magistrate Judge Kathleen Tafoya on October 8, 2015, after being remanded from their initial appearance the day before.

The indictment alleges that between 1999 and 2012, Daryl Yurek, a partner in Bolder Venture Partners, and his wife Wendy, a partner from 2008 to 2012, reported taxes due and owing for tax years 1999 and 2004 of $624,127 and $53,978, respectively. However, it is claimed that they attempted to settle their tax debt with the IRS for $75,000 in 2006 by claiming they had insufficient funds to pay the full amount owed.

Later, in September 2010, the Yureks filed a Voluntary Chapter 7 Bankruptcy Petition with the United States Bankruptcy Court in the District of Colorado. During this proceeding, Daryl Yurek testified that their primary reason for pursuing bankruptcy was ‘the $1.2 million that the IRS wants.’

However, it is alleged that during the time they claimed to have insufficient funds to pay their tax debt, the Yureks caused their companies, Veracity Credit Consultants and Bolder Venture Partners, to pay for substantial personal expenses, including mortgage payments on a downtown Denver loft, rental payments for a vacation house in Tabernash, Colorado, and membership dues for the Pinehurst Country Club.

Daryl Yurek was charged with one count of tax evasion, one count of bankruptcy fraud, one count of making a false oath in connection with bankruptcy, and two counts of subscribing to a false document. Wendy Yurek was charged with one count of tax evasion and one count of bankruptcy fraud. The charges carry penalties of not more than 5 years in federal prison and a fine of up to $250,000.

A detention hearing was set for October 13, 2015. This case was investigated by the Internal Revenue Service – Criminal Investigation and is being prosecuted by Assistant U.S. Attorney Pegeen Rhyne.

The charges contained in the Indictment are allegations, and the defendants are presumed innocent unless and until proven guilty.

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