This week, it was announced that a couple from Stapleton, Colorado had been sentenced to prison. 62-year-old Daryl F. Yurek was sentenced to 50 months in prison and three years of supervised release. 62-year-old Wendy M. Yurek was sentenced to 27 months in prison and three years of supervised release. The defendants were convicted by a Denver jury of tax evasion and bankruptcy fraud on July 27, 2017. Daryl Yurek was also convicted of three additional related offenses.
The indictment and evidence presented at trial shows that Daryl Yurek was a partner in Bolder Venture Partners from 1999 through 2012. Wendy Yurek was a partner from 2008 through 2012. Mr. Yurek acted as a consultant to start-up and growing companies. He provided several services, including temporary management and fundraising. He also exerted significant control over other companies, including Veracity Credit Consultants and ID Watchdog.
The defendants reported tax due and owing for years 1999 and 2004 of $624,127 and $53,978 respectively. In 2006, the defendants submitted an Office in Compromise to the Internal Revenue Service to attempt to settle their tax obligation of $75,000. The reason cited was Doubt as to Collectability. The defendants claimed to have insufficient assets and income to pay the full amount. In September of 2010, the defendants filed a Voluntary Chapter 7 Bankruptcy Petition.
During the bankruptcy proceedings, Daryl Yurek testified that the main reason for the bankruptcy was “the $1.2 million that the IRS wants.” During the period that the Yureks were unable to pay their tax liability, they caused Bolder Venture Partners and Veracity Credit Consultants to pay substantial personal expenses to them. In March of 2006, the Yureks purchased a downtown Denver loft for $1.3 million in the name of one of their sons. Between 2006 and 2011, Veracity Credit Consultants made mortgage payments of $526,511.99 for the loft. Bolder Venture Partners paid $43,866 for the loft’s Condo Association Fees.
Again, Daryl F. Yurek has been sentenced to 50 months in prison, while Wendy Yurek was sentenced to 27 months in prison. Additional details have been made available here.