US Attorney, Oregon District
Press Release,
A former certified public accountant and former chief financial officer of a McMinnville, Oregon company was sentenced to federal prison today for evading $99,000 in personal income taxes.
Kent Jensen, 58, was sentenced to 18 months in federal prison and three years’ supervised release.
According to court documents, in 2014 and 2015, Jenson, who also previously worked as an auditor with an international accounting firm and a financial consultant for a business in Milwaukie, Oregon, allegedly set up several nominee companies and nominee bank accounts to conceal most of his personal income from the IRS. Jensen arranged for his financial consulting clients to pay his consulting fees to these nominee companies. He then deposited the funds into nominee bank accounts and used the proceeds for personal expenses. In 2014 and 2015, Jensen submitted false personal income tax returns that substantially underreported his personal income and the taxes owed.
In February 2021, Jensen was charged by criminal information with two counts of felony tax evasion. He pleaded to both charges on April 19, 2021.
During sentencing, U.S. District Court Judge Karin J. Immergut ordered Jensen to pay $99,000 in restitution to the IRS.
Acting U.S. Attorney Scott Erik Asphaug of the District of Oregon made the announcement.
This case was investigated by IRS Criminal Investigation and prosecuted by Seth D. Uram, Assistant U.S. Attorney for the District of Oregon.
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