Anthony Lim, 45, had been indicted on two counts of tax evasion and three counts of willfully failing to file income tax returns on Jan. 28, 2010, and entered his guilty plea to one count of tax evasion in U.S. District Court in San Francisco on Thursday, according to U.S. Attorney Melinda Haag’s office.
Prosecutors said that between 2003 and 2006, Lim went to parking lot sales around the Bay Area and bought computers and computer parts, paying around $10,000 in cash.
He then sold the items on consignment through technology companies and was paid more than $300,000, which he did not report to the Internal Revenue Service.
In his plea agreement, Lim admitted that he asked one of the tech companies to write 17 different checks totaling $60,440 payable to a friend, and then convinced the friend to cash the checks and hand over the money to conceal his income from the IRS.
Lim also admitted to intentionally deceiving IRS auditors about his earnings from 2003 to 2006 by handing over incomplete income statements.
Under the plea agreement, Lim will serve three years of supervised release following his 15-month prison sentence and pay $197,778 in restitution to the U.S. government.