Business Intelligence Fails Founder of Business Intelligence, Inc.

Sometimes when I read the tax news I don’t to embellish at all. From Cincinnati comes the story of James F. Simon, the founder of Business Intelligence, Inc. The company, founded by Mr. Simon in 1984, provides private investigation services in southern Ohio. From the news story:

According to court documents, the 66-year-old Simon took at least $1,047,656.23 from his business and failed to report the money as income, depriving the Internal Revenue Service of $385,967.81.

Simon also admitted to enlisting two other people to help him conceal gambling winnings from at least one Indiana riverboat casino.

Mr. Simon will be sentenced later this year on one count of tax evasion and one count of conspiracy.

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This entry was posted on Tuesday, February 28th, 2012 at 7:37 pm and is filed under Tax Evasion. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Business Intelligence Fails Founder of Business Intelligence, Inc.”

  1. R. says:
    March 3, 2012 at 12:13 pm

    Simon paid MANY people to accept winnings over 1100 to avoid tax. These were usually dumb people who did not realize they were paid $100 for a winning of $20,000! The Argosy/Hollywood Casino Hosts were aware of this and received “tips” from Simon regularly. This is deeper than you may relize….

  2. R. says:
    March 3, 2012 at 12:14 pm

    Simon was formerly a Cincinnati cop gone bad.