Michael Jackson’s former general manager pleads guilty to tax chargesJune 23rd, 2011 - 1:12 am ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) — The former general manager of the late “King of Pop” Michael Jackson, Raymone Bain, pleaded guilty on Wednesday to charges that she failed to file federal and District of Columbia income tax returns, prosecutors said.
Bain, who lives in Washington, D.C., pleaded guilty to two counts of failure to file federal income tax returns (Forms 1040) and District of Columbia income tax returns (Forms D-40). She is scheduled to be sentenced on August 31.
According to the evidence presented in court, Bain worked in the sports and entertainment industry in the District of Columbia and founded her public relations firm, Davis, Bain & Associates. Beginning in 2006, Bain became personal general manager for Michael Jackson and president of the Michael Jackson Company. In that capacity, she was responsible for daily operations of the Michael Jackson Company, including financial, public relations and marketing tasks. Bain was compensated for her services.
Despite earning substantial income, Bain knowingly failed to file her federal her District of Columbia income tax returns, and she failed to pay income taxes owed during 2006 through 2008. According to the plea documents filed in court on Wednesday, the tax loss is between $200,000 and $400,000.
The federal criminal violation carries a maximum penalty of 12 months in prison and a $100,000 fine. The District of Columbia criminal violation carries a maximum penalty of six months in prison and $5,000 fine.
Michael Jackson, recognized by the “Guinness World Records” as the most successful entertainer of all time, died on June 25, 2009 at the age of 50. He was found unconscious in bed at his rented mansion in Los Angeles.
The Los Angeles County Coroner ruled his death a homicide, mainly caused by the powerful anaesthetic Propofol which was given to him by Dr. Conrad Murray, Jackson’s personal physician. He has been charged with involuntary manslaughter and faces a maximum four year state prison term if found guilty.
- Indian American fundraiser for jailed governor arrested - Jun 21, 2012
- Newburgh, NY man pleads guilty to filing a false tax return - May 07, 2010
- Indian American doctor charged with hiding India accounts - Sep 29, 2011
- Broward County, FL man indicted in tax fraud scheme - Mar 17, 2010
- Former publicist sues Michael Jackson - May 07, 2009
- Actor Wesley Snipes ordered to begin three-year prison term - Nov 20, 2010
- San Francisco real estate investor pleads guilty to filing false tax returns - Jan 28, 2010
- Killingworth, CT lawyer sentenced for failing to pay taxes - May 18, 2010
- Indian-American neurosurgeon convicted of tax evasion - Aug 24, 2012
- Connecticut tax preparer pleads guilty for filing false tax returns - Jan 16, 2010
- U.S. mother recovers children in Croatia after father's kidnapping - Dec 24, 2010
- U.S. government seeks names of U.S. residents with HSBC India bank accounts to avoid taxes - Apr 08, 2011
- Now you can call an expert home for filing IT return - Jul 24, 2012
- Three Kentucky residents plead guilty to identity theft and wire fraud related charges - Mar 24, 2010
- Indian-American pleads guilty to hiding Indian bank accounts - Apr 12, 2011
Tags: according to the evidence, anaesthetic, bno, district of columbia, dr conrad, federal income tax, federal income tax returns, guinness world records, income tax returns, involuntary manslaughter, king of pop, los angeles county coroner, maximum penalty, murray jackson, personal physician, pop michael jackson, propofol, raymone bain, substantial income, tax charges