FOX News reports that Steven W. Allen used to work as a Mesa attorney, but was convicted of tax fraud and will now spend almost four years in prison for the offense. Prosecutors said that Steven Allen helped his clients evade their taxes by promoting and selling a fraudulent scheme that involved setting up bogus foreign trusts to hide his clients' income.
The fraudulent scheme consisted of Steven Allen setting up three sham foreign trusts designed to conceal his clients’ income and their control of the trusts from the IRS, as stated through court documents. The trust packages were apparently sold for $10,000 to $30,000. A U.S. District Court judge in Phoenix sentenced Steven Allen to 46 months in prison, but he wasn’t the only one involved in the tax faud scheme.
Meanwhile, prosecutors said that Certified Public Accountant Allen Goodmansen assisted the attorney by preparing false foreign trust returns and individual income tax returns for Allen’s clients. The CPA was also convicted of fraud, but sentenced to just 18 months in prison.
A case like this shows the severity of fraud crimes at the federal level. In the state of Arizona, there are Phoenix criminal lawyers that can provide representation to defendants that are accused of various types of fraud, including bankruptcy fraud, tax fraud, identity theft, insurance fraud, mail fraud, credit card fraud, securities fraud, telemarketing fraud, and wire fraud.