On Friday, it was announced that a Pompano Beach, Florida man had been sentenced to prison for filing fraudulent tax returns, wire fraud and filing false monthly reports with the United States Probation Office. 61-year-old Timothy J. Beverly was sentenced to 90 months in prison. Court documents and evidence presented at trial show that Timothy J. Beverly worked as an airplane broker at Majestic Jet Inc. The Pompano Beach company offers aircraft charters.
From 2010 through 2013, the defendant stole more than $2.2 million from Majestic Jet by directing airplane escrow agents to wire funds from the sale of planes to nominee bank accounts he controlled. Beverly also stole directly from the company’s business bank accounts and used the money for numerous personal expenses, including buying a boat and rent. This income was not reported on the defendant’s 2010 through 2013 personal tax returns
Evidence also revealed that Beverly was on supervised release following a federal conviction for money laundering in January of 2004. The defendant was required to file monthly reports with the U.S. Probation Office that listed his net earnings from employment. From November of 2009 through October of 2012, the defendant did not disclose the money he stole from Majestic Jet on those reports.
Again, Timothy J. Beverly has been sentenced to 90 months in prison. Additional details have been made available here.