Hales Corners Certified Public Accountant Indicted for Tax Fraud Conspiracy
James L. Santelle, the United States Attorney for the Eastern District of Wisconsin, announced that a federal grand jury has indicted John C. Noggle, on three-felony counts relating to the misuse of welfare benefit plans under Section 419A(f)(6) of the Internal Revenue Code. Noggle is accused of using the welfare benefit plans to conceal his clients’ basis in life insurance and annuities, which resulted in the underreporting of income. Specifically, the grand jury charged Noggle with conspiring to defraud the United States in violation of 18 U.S.C. § 371, and for filing false income tax returns in violation of 26 U.S.C. § 7206(2). The case was investigated by agents from the Internal Revenue Service-Criminal Investigation (“IRS-CI”).
“Those who misuse welfare benefit plans by running their compensation through layers of complicated trusts and insurance policies will be vigorously investigated by federal law enforcement,” said Kelly R. Jackson, Special Agent in Charge of the IRS Criminal Investigation office in Milwaukee. Special Agent in Charge Jackson added “We encourage anyone with information about these types of schemes to come forward and speak with federal authorities.”
It should be noted that an indictment is merely the formal method of charging an individual and does not constitute inference of his guilt. An individual is presumed innocent until such time, if ever, that the government establishes his guilt beyond a reasonable doubt.