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.
