Doylestown Man Charged with Financial Fraud
Brent Kopenhaver, 61, of Doylestown, Pennsylvania, was charged by Indictment with three counts of filing false tax returns and two counts of wire fraud, announced United States Attorney Zane David Memeger.
According to the Indictment, Kopenhaver failed to report to the IRS more than $400,000 in income that he earned between 2011 through 2013. The indictment further alleges that while Kopenhaver was earning this income, he applied for and obtained approximately $40,000 in unemployment compensation benefits, which were funded by the Pennsylvania and United States governments.
Kopenhaver allegedly earned six-figure annual salaries as the chief financial officer of Micro Loan Management, Division A (“Micro Loan”), and Sequoia Tribal Management Services, Inc. (“STMS”), hid that income from the IRS, and simultaneously obtained unemployment compensation benefits. Both Micro Loan and STMS have been identified in a separate indictment as belonging to an alleged RICO enterprise that allegedly collected unlawful debt through payday lending (docketed as United States v. Charles M. Hallinan, et al., Crim. No. 16-130).
If convicted, Kopenhaver faces a maximum possible sentence of 49 years’ imprisonment, three years’ supervised release, a fine of $800,000, and a $500 special assessment.
The case was investigated by the Internal Revenue Service, the United States Department of Labor, and the United States Postal Inspection Service and is being prosecuted by Assistant United States Attorneys Mark B. Dubnoff and James A. Petkun.
An Indictment, Information or Criminal Complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.