Ex-Prez of Ohio State Bar Inflated Law Firm Biz Expenses, Gets 1 Year in Federal Tax Case
Posted Jan 18, 2012 3:02 PM CST
By Martha Neil
A former president of the Ohio State Bar Association has been sentenced to a year and a day in federal prison after pleading guilty to falsifying federal tax returns.
Under the sentence he received from a federal judge in Youngstown, Leslie W. "Les" Jacobs, 67, must also serve just under four months in home confinement after he is released followed by eight months of probation.
He underpaid his federal income tax by $75,000 between 2004 and 2007 by inflating his business expenses to reduce his income and thus the amount of tax he claimed to owe on his returns, the Am Law Daily reported.
Jacobs, a Harvard Law School graduate who was a senior partner at Thompson Hine in Cleveland at the time, has repaid the $75,000. He was fined an additional $10,000.
A Department of Justice press release provides additional details.
ABAJournal.com: "Ex-President of Ohio State Bar Is Cooperating with Feds in Tax Fraud Case"