08/02/2011 03:41:09 PM PDT
A 67-year-old San Rafael man was sentenced to six months in prison for evading more than $200,000 in taxes by filing a false tax return, federal authorities said Tuesday.
Jack Aaron Nissim was also sentenced to one year of supervised release, six months of home detention and 300 hours of community service, according to the U.S. attorney’s office in San Francisco.
Nissim, head of First Pacific Financial Group in San Rafael and president of GlobalStake, was charged with underreporting $518,563.11 in earnings from 2003 to 2007, authorities said. He pleaded guilty in April.
Nissim was sentenced Friday by U.S. District Court Judge Susan Illston in San Francisco. In a sentencing memorandum, Nissim’s defense attorney requested five years of probation and 18 months of home confinement instead of prison.
The lawyer, Wendy Abkim, said Nissim experienced a spike in income in 2003 and sought to shield some of it in the event of future financial slumps. Nissim had two sons in college at the time and was providing support for his mother-in-law and his stepmother, Abkim said.
Before his income surge in 2003, Nissim was making $70,000 to $100,000 a year, according to the memorandum.
“He feared that the income would be short-lived, and worried that he would not be able to meet his obligations in the future,” the lawyer said. “Mr. Nissim did not use the money for a lavish lifestyle, but instead saved it and used it over time when the feared economic downturn arrived and his income plummeted.”
The government argued that the credibility of the tax system depends on punishing tax cheats.
“The sentence for a criminal tax evader must be commensurate with the gravity of the offense, and should act as a deterrent to other potential violators,” wrote Thomas Moore, assistant U.S. attorney in the tax division.
Nissim, who is being monitored for a recurrence of prostate cancer, has been offered a volunteer position at Fair Housing of Marin for his community service, providing counseling on mortgages and foreclosure.
using the number/letter grid:
1 2 3 4 5 6 7 8 9
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z
A = 1 J = 1 S = 1
B = 2 K = 2 T = 2
C = 3 L = 3 U = 3
D = 4 M = 4 V = 4
E = 5 N = 5 W = 5
F = 6 O = 6 X = 6
G = 7 P = 7 Y = 7
H = 8 Q = 8 Z = 8
I = 9 R = 9
Jack Aaron Nissim
his primary challenge (JN) and his undoing number (AN) = 15 = Lies. Taxes.
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