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7th Circuit affirms tax convictions of Fort Wayne entrepreneur

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A man whose family spent millions while he pleaded poverty to gain need-based scholarships for his children and failed to report foreign bank accounts lost the federal appeal of his conviction on multiple tax charges Thursday.

The 7th Circuit Court of Appeals rejected defense arguments in United States of America v. James Simon, 11-1837, affirming his conviction on charges of filing false income tax returns, failing to file reports of foreign bank accounts, mail fraud and financial aid fraud.

Simon, a Fort Wayne entrepreneur with international business interests that the 7th Circuit said “require a flowchart to unravel,” claimed a family trust based in the Cook Islands, as well as businesses in Gibraltar, Cyprus and Ukraine. The opinion notes that Simon’s wife, Denise, committed suicide days after federal agents searched the couple’s home.

“In his defense, Simon sought to demonstrate that the money he received from various entities was loaned to him and thus was not taxable,” Judge Rovner wrote for the panel, “At worst, he explained, he mischaracterized some of the transactions, but not in a manner that violated any criminal law.”

"Because we have determined that both the (foreign bank account reporting) counts and the false tax return counts will stand, there is no basis to challenge the remaining counts," the court ruled in affirming the convictions.

 

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  1. Uh oh, someone is really going to get their panti ... uh, um ... I mean get upset now: http://www.theguardian.com/us-news/2015/mar/31/arkansas-passes-indiana-style-religious-freedom-bill

  2. Bryan, stop insulting the Swedes by comparing them to the American oligarchs. Otherwise your point is well taken.

  3. Sociologist of religion Peter Berger once said that the US is a “nation of Indians ruled by Swedes.” He meant an irreligious elite ruling a religious people, as that Sweden is the world’s least religious country and India the most religious. The idea is that American social elites tend to be much less religious than just about everyone else in the country. If this is true, it helps explain the controversy raking Indiana over Hollywood, San Fran, NYC, academia and downtown Indy hot coals. Nevermind logic, nevermind it is just the 1993 fed bill did, forget the Founders, abandon of historic dedication to religious liberty. The Swedes rule. You cannot argue with elitists. They have the power, they will use the power, sit down and shut up or feel the power. I know firsthand, having been dealt blows from the elite's high and mighty hands often as a mere religious plebe.

  4. I need helping gaining custody of my 5 and 1 year old from my alcoholic girlfriend. This should be an easy case for any lawyer to win... I've just never had the courage to take her that far. She has a record of public intox and other things. She has no job and no where to live othe than with me. But after 5 years of trying to help her with her bad habit, she has put our kids in danger by driving after drinking with them... She got detained yesterday and the police chief released my kids to me from the police station. I live paycheck to paycheck and Im under alot of stress dealing with this situation. Can anyone please help?

  5. The more a state tries to force people to associate, who don't like each other and simply want to lead separate lives, the more that state invalidates itself....... This conflict has shown clearly that the advocates of "tolerance" are themselves intolerant, the advocates of "diversity" intend to inflict themselves on an unwilling majority by force if necessary, until that people complies and relents and allows itself to be made homogenous with the politically correct preferences of the diversity-lobbies. Let's clearly understand, this is force versus force and democracy has nothing to do with this. Democracy is a false god in the first place, even if it is a valid ideal for politics, but it is becoming ever more just an empty slogan that just suckers a bunch of cattle into paying their taxes and volunteering for stupid wars.

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