Accountant Gets 15 Months In Prison In $5.4M Tax Fraud Case

Law360 (February 13, 2020, 7:48 PM EST) -- An accountant has been sentenced to more than a year in prison after pleading guilty to participating in a luxury automotive import scheme that underreported income by $12 million and defrauded the IRS of $5.4 million in tax revenue.

Tedmund Blankschein was sentenced Monday to 15 months in prison by the U.S. District Court for the Eastern District of Wisconsin, followed by three years of supervised release, for his part in the scheme. Blankschein's business took orders for expensive automobiles such as Maseratis from foreign buyers who paid for the cars but never received them. The court also required Blankschein to repay the lost tax...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS