John and Peggy DeYoung of Montana pled guilty to one count of conspiracy to defraud the United States in Federal Court in January, 2017.
The DeYoung’s failed to file tax returns since 1998, although they earned income from their ownership interests in two mobile home parks. They were accused of setting up sham trusts using fabricated taxpayer identification numbers and opening bank accounts in the name of the trusts. Income they earned was deposited into those accounts where they used the funds to pay personal expenses.
The loss to the U.S. Treasury is estimated at $376,350. Sentencing is set for April, 2017 where they face a statutory maximum sentence of five years in prison, restitution and penalties.
