Landmark Tax Group

Former Nevada Executive Sentenced

On February 17, 2012, in Las Vegas, Nevada, William “Bart” Monroe, of Henderson, was sentenced to 63 months in prison, three years of supervised release, and ordered to pay approximately $3.7 million in restitution to his former employer and $568,412 to the IRS.  Monroe pleaded guilty on June 23, 2011, to one count of conspiracy to commit mail fraud, 11 counts of mail fraud, and one count of tax evasion.  According to the plea agreement, from about March 31, 2004, to July 2008, Monroe engaged in a continuing scheme to defraud his then-employer, a homebuilder in Nevada, for whom he was placed in charge of land development. Without disclosing it to his employer, Monroe and two co-conspirators created a business named Silverado Pipe and Supply.  Monroe and his co-conspirators then submitted false and fraudulent invoices to his former employer for PVC pipe and other supplies. Monroe knew that the invoices were fraudulent, but he used his authority as vice-president of the homebuilder to approve them and have payments issued to one of the co-conspirators.  When the co-conspirator received the payments from the homebuilder, the co-conspirator sent a portion of it in cash to Monroe. Between July 7, 2004, and July 25, 2008, Monroe received 11 payments totaling approximately $1.45 million which he failed to declare as income on his tax returns.  For the tax years 2004 to 2008 he owed additional tax of about $568,412.

Source: IRS.gov

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