I was never fond of him as an agency owner, but I always thought
he was essentially a good man in over his head. And while I never
agreed with his shameless price-gouging, he served this nation well
and was loved by most Americans.
I'm the primary caregiver for my Uncle Hal, who ran a bait and switch
escort agency and is serving five years in the funhouse for cheating
customers out getting the hookers they saw in his ads. It's a shame
watching someone you know and love turn into a crook, so it's probably
for the best for Holliday and his stable that he's going under. It's
never a good idea to try and f--- with good 'ol Uncle Sam.
ATLANTA BUSINESSMAN PLEADS GUILTY TO TAX FRAUD CHARGES -Defendant
Hid Business Income In Offshore Account- RENO - An Atlanta businessman
who conspired with Nevada author Lawrence Turpen to defraud the IRS
by transferring business income to offshore corporations, pleaded
guilty today in U.S. District Court to Conspiracy to Defraud the United
States, announced Eileen J. O'Connor, Assistant Attorney General for
the U.S. Department of Justice Tax Division, Daniel G. Bogden, United
States Attorney for the District of Nevada, and Nancy Jardini, Chief
of IRS Criminal Investigation.
ROBERT F. HOLLIDAY, of Atlanta, Georgia, waived Indictment and pleaded
guilty to a single-count felony Criminal Information. He faces up
to five years in prison and a $250,000 fine, and is scheduled to be
sentenced on January 18, 2005, at 1:30 p.m. before United States District
Court Judge David W. Hagen ROBERT HOLLIDAY admitted in his plea agreement
that he sought assistance from Reno resident and financial consultant
Lawrence Turpen to illegally evade the assessment and collection of
his income taxes. Turpen pleaded guilty in July to conspiring to defraud
the IRS, and is scheduled to be sentenced in Reno on October 18, 2004.
HOLLIDAY and Turpen set up Business Directions, Inc., a Nevada corporation,
and Landmark Planning, Ltd., an Isle of Man corporation, and disguised
the defendant's interest in them through the use of nominee individuals
and resident agent services. HOLLIDAY and Turpen also conducted sham
transactions to move income to the untaxed offshore corporation and
to reduce or eliminate the corporate tax liabilities of the Nevada
corporation.
Defendant HOLLIDAY provided false information to his tax return preparer
concerning Business Directions, Inc., and based in part upon this
false information, false corporate income tax returns were prepared
for the tax years 1996 through 2002, resulting in a total tax loss
to the United States of more than $200,000.
Defendant HOLLIDAY also repatriated the untaxed money from his offshore
corporation through bogus loans. "People who try to reduce or eliminate
their tax liabilities by hiding their income and assets from the IRS
are on a sure path to trouble," said Assistant Attorney General Eileen
J. O'Connor. "They risk criminal prosecution by the Department of
Justice and a lengthy stay in federal prison. And they will still
owe the taxes, plus interest and penalties."
"The government will not tolerate abusive tax schemes that promote
the use of offshore accounts to illegally escape taxes," stated Nancy
Jardini, Chief, IRS Criminal Investigation. "Tax evasion is not a
victimless crime. The honest, hardworking American taxpayer pays the
price for these scams against the government."
The cases are being investigated by IRS Criminal Investigation, and
prosecuted by U.S. Department of Justice Tax Division Trial Attorneys
Caryn D. Mark and Edmund P. Power.