Fort Lauderdale CFO charged with tax fraud on stock compensation - 6 Jan 2008
Fort Lauderdale company's CFO charged with tax fraud
- |SunSentinel.com
- 10:04 PM EST, January 5, 2009
The chief financial officer for GlobeTel Communications -- a Fort Lauderdale-based company -- has been charged with tax fraud after authorities say he failed to report to the IRS more than $2 million in stock compensation paid by the corporation to him and other corporate officers.
Thomas Jimenez, 50, of Plantation, made his first appereance in federal
court on Monday. He was released from jail on $100,000 bail, according
to the U.S. Attorney's office.
Authorities say Jimenez used C&M Management Consulting, a sham
entity, to hold GlobeTel stock as collateral for loans made to that
company's officers in 2004 and 2005. Jimenez then sold that stock and
distributed the proceeds to the corporate officers; he also kept some
of those proceeds, the U.S. Attorney's office said.
Jimenez was in charge of filing the company's tax papers but
more... http://www.sun-sentinel.com/news/local/breakingnews/sfl-0105taxfraud,0,4435029.story
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