Ron Isley Convicted Of Tax Evasion
November 1, 2005 at 8:18 AM (PT)
A LOS ANGELES federal jury has convicted singer RONALD ISLEY of five counts of tax evasion and one count of willful failure to file a tax return. This puts him at risk of spending up to 26 years in prison, if convicted.
Prosecutors claim ISLEY, 64, attempted to evade the IRS by demanding that his millions of dollars in performance fees earned between 1997 and 2002 be paid in cash.
He also placed homes and a yacht in the names of his then-wife or corporations, and cashed royalty checks that belonged to his late brother, O'KELLY ISLEY according to government records. RON ISLEY must return to court for sentencing on Jan. 9.