Former Canistota Woman Convicted Of Tax Fraud
United States Attorney Brendan V. Johnson announced that Veronica Fairchild, age 42, of Canistota, South Dakota, and Okoboji, Iowa, was found guilty of four counts of tax fraud as a result of a federal jury trial in Sioux Falls, South Dakota.
The charges carry a maximum penalty of three years in custody and/or a $250,000 fine on each charge, 1 year of supervised release, and a $100 special assessment to the Federal Crime Victims Fund.
Fairchild was indicted by a federal grand jury on July 9, 2013. The investigation stemmed from Fairchild’s late filing of her 2005 through 2008 income tax returns in 2010. Bank records revealed she had failed to claim over $600,000 in income over the four-year period of time. Fairchild claimed the unreported income that she received from performing private shows as an exotic dancer was a gift.
A jury trial commenced on June 24, 2014, and completed on June 26, 2014, with the jury convicting Fairchild on all four counts of the Indictment.
This case was investigated by the Internal Revenue Service Criminal Investigation Division. Assistant U.S. Attorney Jeffrey C. Clapper prosecuted the case.
A presentence investigation was ordered and a sentencing date was set for September 22, 2014. The defendant was released on bond pending sentencing.