A 70-year-old Seattle real estate owner was sentenced to prison for tax evasion and filing false tax returns.
Steven Loo was convicted following a nine-day trial and ordered to spend 20 months in prison for his $4.7 million tax evasion scheme, according to the U.S. Attorney’s Office.
“Mr. Loo made a sustained, willful decision to evade taxes. The only thing that explains that is greed,” First Assistant U.S. Attorney Neil Floyd stated. “A man who amasses $43 million in wealth can afford to pay his taxes — just like the 85% of us who pay our taxes fully and on time.”…