Sunday, February 15, 2015

Wisconsin Accountant Sentenced For Tax Evasion On Income From $1.1 Million Embezzlement

From WSAU on 2/11/2015:

The woman who embezzled over a million dollars from a Minocqua based company is going to prison... but not for embezzling. 63-year-old Rebecca Hoff of Ironwood, Michigan was an accounts payable manager for the T.A. Solberg Company, which is the parent company to the chain of Trig’s grocery stores. Hoff was found to have taken the money with unauthorized company checks used to pay for personal credit card bills from January 2004 until December 2010.

Although T.A. Solberg’s company did not pursue charges for the embezzlement, Hoff never declared the money she embezzled as income on her federal tax returns. According to IRS calculations, Hoff embezzled more than $1.1 million over the seven years, resulting in an income tax liability of over 302-thousand dollars. She pled guilty to the tax charges in December.

Chief U.S. District Judge William M. Conley [sentenced Hoff] to 15 months in federal prison for filing false information in a 2008 tax return.

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