Destrehan Businesswoman, Sandy Isaac-holden, Sentenced For Tax Evasion
U.S. Attorney Kenneth A. Polite announced that SANDY ISAAC-HOLDEN, age 53, of Destrehan, Louisiana, was sentenced today for one count of tax evasion.
United States District Court Judge Ivan L.R. Lemelle sentenced ISAAC-HOLDEN to serve 48 months of probation and was ordered her to pay $384,712.27 in restitution to the Internal Revenue Service for taxes due and owing.
According to court documents, ISAAC-HOLDEN received unreported income for tax year 2010. The income was received from a contract that existed between two companies, Company “A” and Company “B.” Company “A” manufactures and markets retail products and Company “B” has a maintenance service contract with Company “A.” ISAAC-HOLDEN had been employed as the on-site manager for by Company “B.” Her job responsibilities included managing the Company “B” staff, interacting with Company “A” managers, and retaining subcontractors for work that was outside the scope of work set forth in the contract between Companies “A” and “B.”
ISAAC-HOLDEN received invoices from subcontractors and paid subcontractors (“G & M”) directly. She often awarded this out-of-scope work to G&M Services, LLC. She concealed the fact that she was actually the sole owner and operator of G&M, which sometimes provided these outside the scope of work services such as grass cutting, painting, and cleaning to Company “A.” She hid her interest in G&M by listing her sister’s post office box, as the address for G&M on all of the invoices to Company “B.” ISAAC-HOLDEN also stated to the owners of Company “B” that G&M was owned and operated by “Mr. G” and operated by a man named “Robert.” She also submitted false Forms W-9 (request for taxpayer identification number and certification) in order to conceal from the IRS that she was the person actually earning the income. These forms were submitted in 2009 and 2010 and contained the forged signature of another person.
On April 24, 2011, ISAAC-HOLDEN signed, and placed into the mail for filing with the Internal Revenue Service, a false 2010 Form 1040 tax return which stated that her income for the 2010 calendar year was the sum of $57,466, and that she was owed a refund in the sum of $4,564. However, she knew that her taxable income for the 2010 calendar year was the sum of $455,230. She therefore owed income tax in the amount of $163,083.66, rather than a refund.
U.S. Attorney Polite praised the work of the Internal Revenue Service in investigating this matter. Assistant United States Attorneys Jon Maestri and Andre Lagarde are in charge of this prosecution.