San Francisco contractor pleads guilty to tax evasion
By Brigid Gaffikin, Bay City News Service
February 8, 2006
SAN FRANCISCO (BCN) -- A San Francisco contractor pleaded
guilty in federal court in San Francisco today to two counts of
tax evasion after reportedly netting almost $74,000 in unpaid
taxes in 1997 and 1999.
San Ho Low, the owner of Sam's Construction and Remodeling Company,
entered a guilty plea before William H. Alsup and could face up
to five years in prison, a fine of $250,000 and three years of
supervised release for each charge, according to U.S. attorney's
spokesman Luke Macaulay.
Low pleaded guilty to not paying federal taxes to the value of
$73,954.
Special agents with the Internal Revenue Service investigated
Low for six months, according to Macaulay.
Low admitted to asking clients to pay him in cash or by writing
checks to Sam Low or Frank and Sam's Construction, according to
his plea agreement.
Low stated in the agreement that he did not deposit the money
he received from his clients in his business banking account.
He additionally admitted to providing the person who prepared
his income tax statements with only his business bank account
statements, according to Macaulay.
The case is being prosecuted by Assistant U.S. Attorney Joseph
A. Fazioli.
Copyright © 2006 by Bay City News, Inc. -- Republication,
Rebroadcast or any other Reuse without the express written consent
of Bay City News, Inc. is prohibited.
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