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Las Vegas man gets prison term for tax fraud, hiding assets

Posted at 4:32 PM, Nov 17, 2018
and last updated 2018-11-17 19:32:54-05

A Las Vegas man faces prison time after being sentenced for not paying more than $3 million in taxes and for fraudulently concealed assets.

U.S. District Judge Jennifer A. Dorsey on Thursday sentenced 67-year-old Richard Neiswonger to 22 months in prison and also ordered him to pay $3.2 million in restitution to the IRS.

Neiswonger previously pleaded guilty to conspiracy and fraud charges.

The U.S. Attorney's Office says Neiswonger, a business partner and a certified public accountant conspired to promote false and misleading business information for a program to conceal people's assets from potential litigants and creditors.

The office says Neiswonger in a separate case conspired with his wife and their lawyer to fraudulently convey approximately $1 million to the attorney so that it would be concealed from authorities.