Failed to disclose to IRS the existence of his bank accounts in Bahamas and Grenada
Los Angeles – Lawuel.com – Attorney Newswire – On January 5, 2010, in United States District Court in Los Angeles, a Huntington Beach man pleaded guilty to filing a false individual income tax return for tax year 2001, in violation of Title 26, United States Code section 7206(1).
Dimitri Maraletos, 59, of Huntington Beach, California, admitted that he failed to state on his 2000, 2001, and 2002 tax returns that he had an interest in accounts maintained outside the United States. Maraletos pleaded guilty before United States District Judge James V. Selna.
According to his plea agreement, between the years 2000 and 2002, Maraletos solicited persons to invest in a company known as Imperial Consolidated Group. He received commissions from ICG from sales that were deposited by ICG into accounts of Altadena Enterprises Ltd. ad Watertown Management Incorporated, which were companies that Maraletos formed and controlled. One of the bank accounts was in the name Altadena Enterprises, Ltd. and maintained at Leadenhall Bank & Trust Company Limited located at Hassau, Bahamas; the other account Maraletos had an interest in was located at Imperium Bank, Ltd in Grenada.
The Internal Revenue Service requires on Form 1040 (Individual Income Tax Return), Schedule B, Part iii, Line 7a, that every taxpayer answer “Yes” or “No” as to their interest in or signature authority over a financial account in a foreign country. Maraletos failed to disclose the foreign bank accounts into which his commission earnings from ICG had been deposited.
Maraletos is scheduled to be sentenced on April 26, 2010, before Judge Selna.
The investigation of Maraletos is being conducted by IRS – Criminal Investigation’s Los Angeles Field Office in cooperation with the United States Attorney’s office for the Central District of California.