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Date: 08-19-2024
Case Style:
United States of America v. Mark Francis Davidson
Case Number: 4:24-cr-00002
Judge: Rebecca Goodgame Ebinger
Court: The United States District Court for the Southern District of Iowa (Polk County)
Plaintiff's Attorney: The United States Attorney’s Office Des Moines
Defendant's Attorney:
Description: Des Moines, Iowa criminal defense lawyer represented the Defendant charged with filing a false income tax return
Businessman Sentenced to 18 Months in Federal Prison for False Income Tax Return
A businessman, formerly of Adel, was sentenced to 18 months in federal prison for filing a false income tax return.
Mark Francis Davidson, 66, a businessman, formerly of Adel, is the majority shareholder of a company called Collegiate Concepts, Inc., which rents dorm minifridges to colleges and college students across the United States. Beginning in 2015 and continuing until 2021, Davidson diverted over $3.8 million from the corporation to himself and failed to report this income to the Internal Revenue Service. Davidson concealed these payments from the corporation’s accountant and tax preparer by providing falsified check ledgers that falsely identified checks from the corporation to Davidson as seemingly legitimate business expenses.
“A prison sentence should send a message to anyone who consistently underreports their income each year that it’s just a matter of time before they land on the radar of IRS Criminal Investigation (CI), and the U.S. Attorney’s Office,” said Special Agent in Charge Thomas F. Murdock of CI’s St. Louis Field Office. “We strive to ensure the integrity and fairness of the nation’s tax code, so all taxpayers pay their fair share.”
United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by IRS Criminal Investigation.
Outcome:
Defendant was found guilty and sentenced to 18 Months in Federal Prison
Plaintiff's Experts:
Defendant's Experts:
Comments: