Bankruptcy Attorney Charged with Federal Tax Crimes
Las Vegas, Nev. – Las Vegas bankruptcy attorney Randolph H. Goldberg was indicted today on charges that he evaded federal income taxes over a four-year period and made structured cash deposits to his bank accounts in order to avoid paying taxes on the money, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Goldberg is charged with four counts of tax evasion, five counts of structuring financial transactions and criminal forfeiture. A warrant was issued for his arrest.
The indictment states that during the period charged, Goldberg was a resident of Clark County and a Nevada licensed attorney. Goldberg also had a Masters degree in tax law and was admitted to practice law before the United States Tax Court, and held himself out in marketing materials to be a financial expert. Goldberg was the sole owner of "Randolph H. Goldberg, Esq., A Professional Corporation" registered with the State of Nevada, and under which he reported the income and expenses of his law practice to the IRS.
The indictment alleges that from 2005 to 2008, Goldberg filed false and fraudulent individual income tax returns. Goldberg allegedly used two separate Bank of America accounts to deposit the legal fees he received from his clients and to deduct expenses, but he only reported the income he deposited into one of the accounts. Between Jan. 7 and Dec. 23, 2008, for the purpose of evading the reporting of his income, Goldberg allegedly structured 147 cash deposits into five Bank of America accounts totaling more than $1.1 million.
If convicted, Goldberg faces up to five years in prison on each tax evasion count and up to 10 years in prison on the structuring counts, as well as fines of up to $2.25 million.
The case is being investigated by IRS Criminal Investigation and is being prosecuted by Assistant U.S. Attorneys Christina M. Brown and Steven W. Myhre.
Today's announcement is part of efforts underway by President Obama's Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys' offices and state and local partners, it's the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state and local authorities; addressing discrimination in the lending and financial markets and conducting outreach to the public, victims, financial institutions and other organizations. Over the past three fiscal years, the Justice Department has filed more than 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,700 mortgage fraud defendants. For more information on the task force, visit www.stopfraud.gov.
An indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and is entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.