St. Louis-area man hid assets, lied to feds seeking money for prior fraud victims - STLtoday.com
Lee, 52, formerly of Crestwood and Glen Carbon, was indicted Friday for conspiracy, contempt of court, mail fraud, aggravated identity theft, trafficking in counterfeit goods, two counts of bank fraud and 10 counts of making false statements. Lee was sentenced in 2006 to 41 months in prison after he'd admitted using client money for personal use, failing to file returns in 2000, 2001 and 2002 and failing to pay $72,473 in taxes. He was also ordered to repay his victims $586,747. But the indictment says Lee engaged in a complicated series of financial transactions to avoid paying the money. For years, he failed to tell or lied to federal officials about businesses he ran, financial accounts and transactions, including $300,000 in cash, $863,000 worth of PayPal transactions and assets that include a house in Glen Carbon and a Cadillac... Source: www.stltoday.com
