President and CEO of multiple medical device companies, Briant Benson of El Dorado Hills, CA was sentenced to 12 months and one day in prison for tax evasion.
From 2004 to 2006, despite receiving over $2 million in income, Benson failed to file tax returns or pay personal income tax to the IRS.
Instead of paying the Internal Revenue Service, Benson used the funds to support a lavish lifestyle, including purchasing multimillion dollars homes, buy hundreds of thousands of dollars in jewelry and furniture, and pay for lavish travel accommodations including luxury hotels, private jets and limousines. Benson also used the funds to pay over half a million in gambling debts.
The failure to file resulted in a tax loss to the IRS in the amount of at least $249,000.