MIAMI – Douglas Sailors, 71, previously of Parkland, Fla., and now residing in Owensboro, Ky., was charged with conspiracy to commit mail and wire fraud in addition to subscribing to a false tax return.
As set forth within the indictment, from roughly 2009 via 2018, Sailors shaped and operated charities for his private profit. He hand-picked nominees to function board of administrators and officers of the charities to hide his participation within the fraud scheme. Sailors additionally had a nominee apply for tax exempt standing from the IRS and safe a nonprofit designation. To confuse donors, he selected names that sounded just like official charities—similar to Breast Most cancers Analysis and Assist Fund; Disabled Veterans Companies; United States Firefighters Affiliation, amongst others.
To additional the scheme, Sailors directed the officers and administrators of the charities to pay unreasonable charges to administration firms owned by nominees but managed by Sailors. These administration charges had been the proceeds of the fraud scheme, which Sailors appropriated for himself to fund his lavish way of life.
Sailors used attorneys and accountants to create opinion letters that falsely said that the charges paid to him had been cheap. He diverted tons of of 1000’s of {dollars} from a charity that was meant to financially assist nurses within the Dominican Republic. Administration charges had been deposited in an outlined profit pension plan the place Sailors unlawfully withdrew these funds for his private profit and didn’t report the earnings on his private earnings tax returns.
Sailors faces a statutory most time period of imprisonment of 29 years and a positive of $1,000,000 or twice the quantity of the gross acquire or gross loss.
Juan Antonio Gonzalez, United States Legal professional for the Southern District of Florida, Matthew D. Line, Particular Agent in Cost, Inside Income Service, Felony Investigation (IRS-CI), Miami Subject Workplace, and Robert Dewitt, performing Particular Agent in Cost, Federal Bureau of Investigation (FBI), Miami Subject Workplace, made the announcement.
IRS-CI and the FBI investigated the case. Assistant U.S. Attorneys Paul Schwartz and Jeffrey N. Kaplan are prosecuting it.
An Indictment is barely an accusation and a defendant is presumed harmless until and till confirmed responsible.
A duplicate of this press launch could also be discovered on the web site of america Legal professional’s Workplace for the Southern District of Florida at www.usdoj.gov/usao/fls.
Associated court docket paperwork and data could also be discovered on the web site of the District Court docket for the Southern District of Florida at www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.
