Private Foundation Manager Convicted For Failing to Pay Tax on Self-Dealing Income

Tax was imposed on payment of children’s scholarships even though manager had “corrected” some payments

The head of a private family foundation has been convicted of failing to pay federal income tax on the value of scholarships paid by the foundation for tuition for his children. The charges were among several that caused James L. Wright to be sentenced to 33 months in prison and ordered to make restitution of $146,404.

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Private Foundation Manager Convicted For Failing to Pay Tax on Self-Dealing Income

Private Foundation Manager Convicted For Failing to Pay Tax on Self-Dealing Income