Ex-Security Co. Owner Gets 13 Years For Tax Scheme

Law360, New York (April 11, 2011, 3:26 PM EDT) -- A federal judge in Texas sentenced a former security company owner to 12 1/2 years in prison on Friday for allegedly bilking the U.S. out of more than $5.7 million in a 23-year scheme to dodge employment taxes.

In a hearing in the U.S. District Court for the Southern District of Texas, Judge Ewing Werlein Jr. ordered John Heard, owner and operator of Superior Protection Inc., to pay $8.8 million in restitution and serve 12 years and 7 months in prison followed by three years of...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Heard et al


Case Number

4:07-cr-00114

Court

Texas Southern

Nature of Suit

Date Filed

March 29, 2007

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.