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Press Release

Jury Finds Indiana Man Guilty of Fraud and Filing False Tax Returns

For Immediate Release
U.S. Attorney's Office, Western District of Pennsylvania

PITTSBURGH - Acting United States Attorney Soo C. Song announced today that after deliberating six hours, a jury of 6 men and 6 women found Bernard M. Parker guilty of one count securities fraud, one count of mail fraud and four counts of filing false tax returns.

Parker, age 56, of Indiana, Pennsylvania was tried before United States District Judge Reggie Walton in Pittsburgh.

According to Assistant United States Attorneys Robert S. Cessar and Rachael L. Mamula, who prosecuted the case, the evidence presented at trial established that Parker, the principal of Parker Financial Services, solicited his clients, by signing of “Investors Contracts,” to invest in tax lien certificates, municipal bonds, computer software, real estate, and other undefined investments. Parker then used the vast majority of the monies taken from these investors for his personal expenses instead of the various investments agreed upon with his clients. Further, Parker filed false federal tax returns for tax years 2010, 2011, 2012, and 2013, each of which failed to report his income.

Judge Walton scheduled sentencing for October 16, 2017 at 2:00 p.m. The law provides for a maximum total sentence of 42 years in prison, a fine of $2,250,000 or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

Parker was remanded pending sentencing.

The Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigation, and the United States Postal Inspection Service conducted the investigation that led to the conviction of Bernard M. Parker.

Updated June 27, 2017