How to Go to ClubFed for Tax Evasion

If you really, really want to go to ClubFed for committing tax evasion, do what Tom Daugherty of Fort Myers, Florida did. Mr. Daugherty, a commercial real estate broker, bought $2.19 million of cashier’s checks from Orion Bank. He also paid $53,000 in overdraft fees from the bank. When a bank employee asked why he was doing this, Mr. Daugherty apparently told the truth. “I’m hiding the money from the IRS,” is what he apparently said.

That didn’t work so well. My Daugherty will be pleading guilty this Wednesday to tax evasion.

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