Skip to main content

Home/ My BlackHawk Mines Music/ Group items tagged for

Rss Feed Group items tagged

alden keila

http://myblackhawkmi - 0 views

image

My BlackHawk Mines Music Lauryn Hill for tax evasion b06n BHM

started by alden keila on 27 May 13 no follow-up yet
alden keila

MY BLACKHAWK MINES MUSIC * Hip hop star Lauryn Hill gets three months for tax evasion - 0 views

  •  
    "Last year Lauryn Hill pleaded guilty to three counts of failing to file tax returns on more than $1.8 million of income between 2005 and 2007 and faced up to three years in prison.

    Hill has credited her failure to pay taxes to years of pressure she practiced as a recording star all at the same time with raising six children, causing her to go underground and shut away from the public eye.

    On the eve of her scheduled sentencing, Hill paid $504,000 in back taxes to the Internal Revenue Service and another $420,000 to the state of New Jersey, her attorney told the court. She still owes another $285,000 in interest and penalties."
Blackhawk Update

Hip hop star Lauryn Hill gets three months for tax evasion - 1 views

  •  
    Last Monday, U.S. magistrate judge sentenced Grammy-winning hip hop artist Lauryn Hill to three months in prison, three months in home confinement and a $60,000 fine for federal tax evasion.



    Last year Lauryn Hill pleaded guilty to three counts of failing to file tax returns on more than $1.8 million of income between 2005 and 2007 and faced up to three years in prison.



    Hill has credited her failure to pay taxes to years of pressure she practiced as a recording star all at the same time with raising six children, causing her to go underground and shut away from the public eye.



    On the eve of her scheduled sentencing, Hill paid $504,000 in back taxes to the Internal Revenue Service and another $420,000 to the state of New Jersey, her attorney told the court. She still owes another $285,000 in interest and penalties.



    "When the government is asking for 36 months and the judge gives three months, I think the judge gave a fair and reasonable sentence," Hill's attorney Nathan Hochman told reporters.



    Thirty months to the maximum of 36 months was asked by the prosecutors for a sentence.



    Hill's lack of a criminal record, her six children and her repayment of the back taxes as mitigating factors in the sentence, cited U.S. Magistrate Judge Madeline Cox Arleo.



    Hill, native of South Orange, New Jersey, must report on or before July 8. Her attorney asked the court to assign her a facility close to home. Part of one year of supervised probation is the three months of home confinement following the prison stay.



    Hill told the court she pulled away from society because her life was in crisis, received veiled threats and was blacklisted because she did not conform to the norms of the music industry.



    "I was being perceived as a cash cow, not a person," Hill said.



    Just this Friday, a new single by Hill, her first in several years, called "Neurotic Society," was posted on iTunes.



    "Here is a link to a piece that I was 'required' to release imm
alden keila

Blackhawk Resident Sentenced to 15 Years in Prison for Investment Fraud Scheme - 1 views

  •  
    OAKLAND, CA-Peter C. Son, 38, of Danville, Calif., was sentenced Friday to 15 years in prison for conspiracy to commit wire fraud and conspiracy to commit money laundering, U.S. Attorney Joseph P. Russoniello said. Son was also sentenced to serve three years of supervised release following his prison term and ordered to pay restitution in an amount to be determined.
  •  
    OAKLAND, CA-Peter C. Son, 38, of Danville, Calif., was sentenced Friday to 15 years in prison for conspiracy to commit wire fraud and conspiracy to commit money laundering, U.S. Attorney Joseph P. Russoniello said. Son was also sentenced to serve three years of supervised release following his prison term and ordered to pay restitution in an amount to be determined.

    According to court documents, Son and his business partner Jin Chung were the owners of SNC Asset Management, Inc. and SNC Investments, Inc. (Companies), which were incorporated in 2003. The Companies shared office space in Pleasanton, Calif., and on Wall Street in New York City. Son served as the Chief Executive Officer and Chung served as the Chief Financial Officer.

    Son was initially charged on July 27, 2009 with one count of conspiracy to commit wire fraud and one count of conspiracy to engage in monetary transactions with the proceeds of wire fraud. On April 9, 2010, Son pleaded guilty to both counts. In pleading guilty, Son admitted he falsely advertised that the Companies had a distinguished record and were highly successful in foreign exchange trading, when in fact records reflect that very little foreign exchange trading was done by either company. Son also admitted that potential investors were falsely promised annual returns on their investments of between 24 and 36 percent a year. From the beginning, investors were strongly encouraged to reinvest their profits to avoid having to return funds to the customers. Returns were paid out to only those investors who demanded that the accounts be closed or those who demanded monthly returns be paid instead of reinvested.

    Court records reflect that from 2003 through October 2008, approximately 500 customers invested approximately $85 million in the Companies, receiving in return approximately $23 million, leaving investors with losses amounting to approximately $62 million. Most of the investors were Koreans living in California and Korea.

    Accord
1 - 4 of 4
Showing 20 items per page