Ordered to Pay $1,265,662 in Restitution
SAN FRANCISCO – LAWFUEL – The Law News Network – United States Attorney Kevin V. Ryan announced that Demetrious Eugenios, who has been practicing law since 1973, was sentenced today to 30 months in prison, and ordered to pay $1,265,662 in restitution for evasion of payment of income taxes for 1989 and 1991 through 1999. The prosecution was the result of an investigation by agents of the Internal Revenue Service.
Mr. Eugenios, a former divorce attorney in Cambell, California, was convicted on June 28, 2005, for evasion of payment of income taxes by a jury after a six day trial. During the trial, evidence showed that Mr. Eugenios reported gross income for the years 1989 and 1991 through 1999 totaling $2,561,656. He reported income tax due and owing for those years 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 estate 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.
Mr. Eugenios, 58, of San Juan Bautista, was indicted by a federal grand jury on September 30, 2003. He was charged with wilfully attempting to evade the payment of $613,126 in income tax due and owing 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.
The sentence was handed down by U.S. District Court Judge Charles R. Breyer following a jury verdict convicting Mr. Eugenios on sole count of evasion of payment of income taxes in violation of 26 U.S.C § 7201. Judge Breyer also sentenced the defendant to a three year period of supervised release. The defendant will begin serving the sentence on April 14, 2006.
David L. Denier is the Assistant U.S. Attorney who prosecuted the case with the assistance of Kathy Tat.
A copy of this press release may be found on the U.S. Attorney’s Office’s website at www.usdoj.gov/usao/can.
Electronic court filings and further procedural and docket information are available at https://ecf.cand.uscourts.gov/cgi-bin/login.plhttps://ecf.cand.uscourts.gov/.
Judges’ calendars with schedules for upcoming court hearings can be viewed on the court’s website at www.cand.uscourts.gov.
All press inquiries to the U.S. Attorney’s Office should be directed to Luke Macaulay at (415) 436-6757 or by email at [email protected]List your legal jobs on the LawFuel Network