An Indiana man was found guilty in federal court of filing false tax returns.
Acting US Attorney Soo C. Song announced that a jury found Bernard M. Parker guilty of four counts of filing false tax returns, and one count each of securities fraud and mail fraud. Evidence at trial established that Parker, of Parker Financial Services, had his clients sign “investor contracts” to invest in tax lien certificates, municipal bonds, computer software, real estate, and other unidentified investments. Instead of using the money he received to make those investments, Parker would use the money for his own purposes, and filed false tax returns from 2010 to 2013 to hide the illegal profits.
The FBI, IRS-Criminal Investigation department and the US Postal Service’s inspectors assisted in the investigation. Parker was remanded pending sentencing. He is facing a maximum of 42 years in prison, a fine of $2.25 million or both. Sentencing for Parker is set for October 16th.
