White collared; Judge sends right message in tax, fraud case.COLUMN: In our opinion A federal judge this week delivered a well-warranted dope slap to the kind of arrogance and abuse of trust that too often has tainted taint v. taint·ed, taint·ing, taints v.tr. 1. To affect with or as if with a disease. 2. To affect with decay or putrefaction; spoil. See Synonyms at contaminate. 3. the image of the legal profession. In sentencing disbarred Princeton lawyer Alan Mason to nine years in prison for income tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. and wire fraud, U.S. District Court Judge F. Dennis Saylor IV made it clear that there would be no pat-on-the-wrist treatment in his courtroom for perpetrators of white-collar crimes white-collar crime, term coined by Edward Sutherland for nonviolent crimes committed by corporations or individuals such as office workers or sales personnel (see white-collar workers) in the course of their business activities. . The amount of money involved in this case was significant. Mr. Mason was ordered to pay $6.6 million in restitution to Stewart Title Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Co., as well as to arrange with the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. for payment of another $5.9 million in taxes. Equally important were the principles involved in the case. Americans make few investments more important and with greater long-term implications than real estate, and Mr. Mason's actions in pocketing funds meant to pay off lien holders resulted in delays and headaches for banks and heartache for would-be property owners from several Central Massachusetts communities. Judge Saylor also made clear that intent and attitude still count for much in the eyes of the law. Mr. Mason's expressions of remorse counted for less in the courtroom than what Judge Saylor called the defendant's "angry and self-justifying" behavior, along with abundant evidence that Mr. Mason repeatedly violated restraining orders restraining order: see injunction. barring him from working in the real estate field. No single case can curb all those intent on violating the law. But a lengthy prison term in this case is a welcome reminder that those who fly high on the wings of greed and speculation may have a very long way to fall. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion