Economist convicted of tax fraud in NY court
Breaking Legal News
A California economist has been convicted of federal tax fraud charges in a New York court after he failed to pay more than $1.5 million in taxes, interest and penalties over two decades.
David Gilmartin was convicted Wednesday in U.S. District Court in Manhattan. Federal prosecutors said the charges stemmed from his failure to file income tax returns on more than $1.7 million in income from 1989 through 2010.
The government said Gilmartin earned money over a 22-year period by working as an economist, doing computer analysis for a variety of companies, including some in New York. The 69-year-old Phelan, Calif., resident faces up to 30 years in prison when he is sentenced on April 30.
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