30 June – LAWFUEL – The Law News Network – The United States Attorney’s Office for the Northern District of California announced that Campbell, California, divorce attorney Demetrious Eugenios was convicted of income tax evasion by a federal jury late yesterday. The jury, after deliberating 1 ½ hours, found that Mr. Eugenios willfully attempted to evade the payment of $613,126 in income tax due for the calendar years 1989 and 1991 through 1999. The guilty verdict followed a six day jury trial before U.S. District Court Judge Charles R. Breyer.
Mr. Eugenios, 58, of San Juan Bautista, was indicted by a federal grand jury on September 30, 2003. According to statements made in court, Eugenios has been a practicing law since 1973. He was charged with willfully attempting to evade the payment of $613,126 in income tax due for the calendar years 1989 and 1991 through 1999. The government also alleged that Mr. Eugenios concealed his assets and income and his interests in assets and income and provided false statements to the Internal Revenue Service on financial statements.
For the years 1989 and 1991 through 1999, Mr. Eugenios reported gross income totaling $2,561,656 and income taxes totaling $654,724 of which he paid only $43,202. Evidence was presented that Mr. Eugenios concealed assets from the IRS including interests in several real properties and the ownership of a Porsche and a Toyota Tundra truck. During the execution of a search warrant on Mr. Eugenios residence on October 20, 2003, Internal Revenue Service agents discovered $42,575 in cash and $10,686 in gold and silver coins.
The maximum statutory penalty for each count in violation of tax evasion in violation of 26 U.S.C. § 7201 is five years in prison and a fine of $250,000. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553. The sentencing of Mr. Eugenios is scheduled for October 5, 2005, before Judge Breyer in San Francisco.
The conviction is the result of a 4 ½ year investigation by agents of the Internal Revenue Service. David Denier is the Assistant U.S. Attorney who prosecuted the case with the assistance of Kathy Tat.
A copy of this press release and related court filings may be found on the U.S. Attorney’s Office’s website at www.usdoj.gov/usao/can . Related court documents and information may be found on the District Court website at www.cand.uscourts.gov or on .
