Former Madison Resident Pleads Guilty To Failing To File Tax Returns
MADISON, WIS. --John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Eric T. Plantenberg, 42, Bend, Ore., formerly of Madison, Wis., pleaded guilty today in U.S. District Court in Madison to three counts of willfully failing to file income tax returns for the years 2006, 2007, and 2008.
U.S. District Judge Lynn S. Adelman scheduled sentencing for July 8, 2014. For each count, Plantenberg faces a maximum penalty of one year in federal prison and a $100,000 fine.
In his plea agreement, Plantenberg stipulated that he made $1,300,792 in unreported income between 2005 and 2008. During the years in question, Plantenberg was an owner of, and made income from, three Madison-based companies -- Freedom Personal Development, Freedom Professional Services, and I-Kinetic.
The charges against Plantenberg were the result of an investigation conducted by IRS Criminal Investigation. The prosecution of this case has been assigned to Assistant U.S. Attorney Timothy M. O'Shea.