Strib - Mr. Jeffrey Wirth, a resident of Plymouth,
Minnesota, a CPA and developer of commercial real estate
with 30 or so related and unrelated companies headquartered in Brooklyn Center, Minnesota, was sentenced to 41/2 years in prison and
fined $6.45 million yesterday by U. S. District Judge Ann
Montgomery. A maximum of 20 years in prison could have been levied. Mr. Wirth
had previously pled guilty to tax frauds, along with Ex-CFO of Wirth Co., Holly
Damiani, and outside accountant Michael Murray. Wirth's
sentencing terms were the result of a plea bargain. Judge Montgomery said "This
is not a case of a single tax year or a slip-up" but frauds that continued over
several years
Wirth's Defense Attorney, Christopher Mandel, negotiated a time - release for Mr. Wirth so he could
attend his son's piano recital in New York and will turn himself in at a later
date. Judge Montgomery said, "The most stupid thing Mr. Wirth could do in this
situation is to run. I realize I'm taking a risk on that". Wirth had built a
special 18,000 square-foot house with a 15-car garage (on an island?) dubbed
"Isle Windemere" on Lake Minnetonka and has made very
liberal donations to charitable causes - as well as family members. Under the
circumstances, it seems the Court and its decisions has been very
fair.
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