Texas couples may be interested to learn that an Alaska plastic surgeon has been convicted of tax evasion after trying to hide millions of dollars in assets during his divorce. He faces up to 95 years in prison.
In 2007, the surgeon's wife of 28 years filed for divorce. In order to keep her from obtaining marital assets, the surgeon secretly drove to Costa Rica and deposited $350,000 into two bank accounts. He also stashed gold into a safe deposit box. He then went to Panama and opened a sham corporation called Dakota Investments, moving $4.6 million into the corporation by 2008.
The surgeon didn't disclose the foreign bank accounts or other assets during his divorce proceedings. He lied to his divorce attorney, providing false documents that showed the money in Dakota Investments could not be cashed out until 2013. He also failed to notify the IRS about the assets.
Following the finalization of his divorce in 2011, the surgeon attempted to repatriate his foreign funds. However, Homeland Security Investigations agents seized the money. He now faces up to 95 years in prison and a $1.75 million fine for hiding $600,000 in taxes from the IRS for the years 2008, 2009 and 2010. Further, a former attorney of the surgeon's ex-wife said she has an "excellent claim" to a portion of the seized assets.
During a divorce, the division of property obtained during a mattiage can be emotional and complex. A Texas resident who is facing the end of a marriage may want to have the assistance of an attorney in obtaining a valuation of bank accounts, retirement accounts, business assets, artwork and other marital property for the purposes of negotiating a property settlement agreement.