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Las Vegas man sentenced for filing false tax returns

Las Vegas man sentenced for filing false tax returns

By Molly Waldron. CREATED May 1, 2012

 Las Vegas, NV (KTNV) -- A Las Vegas man was sentenced to almost three years in prison for filing false tax returns.

The Department of Justice said 54-year-old Vernon K. Newson, who went by the nickname "The Money Man," set up a business to provide payday loans, bill-paying services and tax return preparations. Between 2002 and 2006, Newson is accused of filing 22 false tax returns for 10 clients.

Authorities say Newson covered up his activities by telling clients to lie to auditors.

Newson was convicted by a grand jury on November 21 of last year. He was sentenced Monday to 33 months in prison, three years of supervised release and a $5,000 fine.