John D. Fitzgerald, formerly of Mount Pleasant but now a resident of Las Vegas, will be spending a year behind bars after trying to hide $1 million in unreported income in an offshore account. The former chiropractor paid the full amount in taxes due, but that didn't get him off the hook entirely. A press release from the U.S. Attorney's Office offers details on the case.
From the Charleston Regional Business Journal:
John D. Fitzgerald of Las Vegas, formerly of Charleston, failed to report $930,848 in income from his Accurate Chiropractic Clinic in Mount Pleasant and evaded $263,381 in federal income taxes between 1998 and 2002, (U.S. Attorney Walt) Wilkins’ office reported.
Fitzgerald transferred the income to a fraudulent trust and then to an offshore bank account in the Bahamas, the report said.
From the press release:
IRS Criminal Investigation Acting Special Agent in Charge, Betty N. Stewart said, "The majority of the citizens work hard to pay their share of taxes, and to make the system fair for everybody, it is important that we prosecute those who intentionally evade paying their share."
I wonder how much chiropractic services go for in prison ...