Dusko Bruer, a businessman, and owner of the company American Made Equipment was recently sentenced to twenty-four months in prison after being charged with evading taxes and failing to report foreign financial accounts from 2006 through 2015. He pled guilty on both counts.
Bruer´s company had numerous employees and reaped millions of dollars in annual gross receipts. Despite the company´s success, they did not file employment or corporate tax returns, nor did the company pay employment or income taxes. Additionally, the company never officially paid Bruer. Instead, it was found that he directed millions of dollars in company income and used it toward his own personal expenses, as well as to invest in foreign markets.
In the short time from 2007 to 2015, Bruer transferred $5.8 million from domestic accounts to international bank accounts, which he owned and controlled. Between 2007 to 2014, he also didn´t report the $7,726,213 he received in income, nor did he report its corresponding taxes, amounting to $2,789,538.
Some of the purchases made from the unreported international accounts include the purchase of a $1,350,00 yacht, a home in Lake Worth, Florida, and different foreign property, such as a $255,00 property in Serbia.
Bruer´s attorney said he fought for probation and special conditions, and got a reduction of a sentence from fifty-seven months to only twenty-four.
Tax evasion is a form of White-Collar crime, and it´s possible to reduce a sentence or fight for special conditions if the case allows for it. Rusell Spatz has the experience needed to handle this kind of case. If you are looking for an experienced attorney, contact Russell Spatz at (305) 442-0200 and schedule your free consultation.