January 28, 2022 Breaking News, Latest News, and Videos

Santa Monica Attorney Pleads Guilty To Fraud Charges: Scheme evaded more than $1 million in tax, more than $900,000 in misappropriated client fees

The owner of Robert M.L. Baker III Law Offices in Santa Monica pleaded guilty in U.S. District Court on Tuesday before Judge Otis D. Wright to willfully subscribing and filing false tax returns in a conspiracy to commit tax fraud, wire fraud, and mail fraud.

Robert M.L. Baker III admitted that he along with others devised a scheme to misappropriate client fees and settlements in order to evade payment of tax.

According to the plea agreement, the 46-year-old utilized shell entities and trusts to hide over $900,000 in client fess and assets from the Internal Revenue Service, including a house located in Westwood.

Baker also submitted a false offer and compromise form by mail and filed false tax returns with the IRS in attempts to evade over $1Million in tax.

In furtherance of the conspiracy, Baker altered his banking practices. Baker used nominee bank accounts, converted client fees into cashier’s checks to pay personal expenses, altered and cashed checks, and directed clients and other law firms handling clients to mail and wire funds to nominee bank accounts.

As part of the plea agreement, Baker agreed to file amended corporate and individual tax returns correctly reporting gross receipts and deductions. Baker also agreed to make restitution in the amount of $2,108,175.

At sentencing, Baker faces a total maximum sentence of 26 years of incarceration; a three year period of supervised release; a fine of $2 million plus twice the gross gain or loss, whichever is greatest, and a mandatory special assessment of $800, as well as the cost of prosecution.

The investigation was conducted by the Internal Revenue Service-Criminal Investigation and U.S. Postal Inspection Service.

in News
Related Posts

Santa Monica College Freshman Suing School Over Vaccine Mandate

January 28, 2022

January 28, 2022

January 11 lawsuit alleges violation of religious freedom and right to privacy By Sam Catanzaro A Santa Monica College freshman...

City Appoints Burbank Deputy Chief to Helm Santa Monica Fire Department

January 27, 2022

January 27, 2022

Danny Alvarez to assume post February 28 By Sam Catanzaro City Manager David White has appointed Burbank’s Deputy Fire Chief...

Local Stakeholders React to Bonin’s Decision Not to Seek Reelection

January 27, 2022

January 27, 2022

Allies and opponents of City Councilmember Mike Bonin weigh in  By Sam Catanzaro Los Angeles City Councilmember Mike Bonin’s decision...

LA Citycouncilmember Mike Bonin Will Not Seek Reelection

January 26, 2022

January 26, 2022

Councilmember cites chronic depression in Wednesday announcement By Sam Catanzaro Los Angeles City Councilmember Mike Bonin has announced that he...

Current Progress of Permanent Veteran Housing on The West LA VA Campus

January 26, 2022

January 26, 2022

VA representatives give a tour of the current progress and future plans for permanent veteran housing on the West LA...

Pandemic Propels Lifelong Educators to Open New Preschool in the Palisades!

January 25, 2022

January 25, 2022

By Susan Payne Look out, Palisades: Two educators with more than 50 years combined experience are opening a new preschool...

Santa Monica Named LEED Platinum City

January 25, 2022

January 25, 2022

First city to achieve Platinum level certification in LEED for Cities Version 4.1.  By Sam Catanzaro The U.S. Green Building...

Arnold Schwarzenegger Involved in Brentwood Crash

January 24, 2022

January 24, 2022

No injuries reported in Friday incident By Sam Catanzaro Arnold Schwarzenegger was involved in a multi-vehicle crash in Brentwood Friday. ...

Report Finds That Santa Monica Spends Nearly $5 Million on Homeless Outreach

January 24, 2022

January 24, 2022

By Dolores Quintana A new report shows that the City of Santa Monica spends nearly $5 million on homeless outreach...

Homeless Man Violently Attacks Two Residents With Ties To City Council: Santa Monica Beat – January 24th, 2022

January 24, 2022

January 24, 2022

Local news and culture in under 5 minutes.*  Homeless Man Violently Attacks Two Residents With Ties To City Council*  Families...

City Breaks Ground on Water Self-Sufficiency Project

January 24, 2022

January 24, 2022

City Representative Sunny Wang explains what the new improvements to the Arcadia Water Treatment Plant will mean for local residents..Video...

Euro Investment Firm Buys Santa Monica Whole Foods Property for Over $50 Million

January 24, 2022

January 24, 2022

Whole Foods Santa Monica property sold to Deka Group By Dolores Quintana One of Europe’s largest investment firms has purchased...

Preliminary Injunction Granted to Halt Demolition Of Parking Structure 3

January 21, 2022

January 21, 2022

January 24 hearing set following LA Superior Court Judge ruling By Dolores Quintana The Santa Monica Bayside Owners Association’s (SMBOA)...

Westside Home Prices Rising?

January 21, 2022

January 21, 2022

Redfin report shows 11.1 percent increase in median home prices By Dolores Quintana Are Westside home prices rising?  On the...