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$1.3M In Unreported Income Leads To Prison Sentence For Former Cop

Patch logo Patch 3 days ago Kristin Danley-Greiner
The former officer admitted in court documents that he underreported a total of more than $1.3 million of EFI income on his 2014 through 2019 individual income tax returns. © Shutterstock The former officer admitted in court documents that he underreported a total of more than $1.3 million of EFI income on his 2014 through 2019 individual income tax returns.

PRINCE GEORGE'S COUNTY, MD — A 48-year-old Dunkirk man and former lieutenant with the Prince George's County Police Department has pleaded guilty to a federal tax evasion charge.

Edward Scott Finn failed to report more than $1.3 million in income from his security business, Edward Finn Inc.

According to his plea agreement and other court documents, from approximately Dec. 26, 1995, to April 26, 2021, Finn was a member of the PGPD. Members of the PGPD were allowed to work part-time outside employment in addition to their full-time duties. According to the plea agreement and court documents, from 2014 to 2021, Finn used EFI to employ off-duty law enforcement officers who provided security services to apartment complexes and other businesses, primarily in Prince George’s and Montgomery Counties.

Finn admitted that he underreported a total of more than $1.3 million of EFI income on his 2014 through 2019 individual income tax returns. During that time frame, Finn deposited checks payable to EFI into personal bank accounts or non-EFI bank accounts over which Finn had signature authority. Finn also created false business expenses to lower his tax due by writing checks to relatives and friends for purported services performed and used business funds to purchase a boat, a car and other items for his personal use. This underreported income resulted in a total tax loss to the government of $367,765.

Finn admitted that on April 22, 2021, as federal agents announced their presence at his front door to execute a search warrant on his residence, Finn initiated the erasure and resetting of his cellphone. Finn then opened the front door to his residence and law enforcement recovered the phone in the master bedroom.

Finn faces a maximum sentence of five years in federal prison for tax evasion. As detailed in his plea agreement, Finn will also be required to pay restitution in the full amount of the loss, $367,765. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors. U.S. District Judge Paul W. Grimm has scheduled sentencing for Finn on Oct. 7 at 2 p.m.

The article $1.3M In Unreported Income Leads To Prison Sentence For Former Cop appeared first on Bowie Patch.

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