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On September 17, 2004, in San Diego, CA, B. Roland Frasier, an attorney for a prominent San Diego ophthalmologist, Dr. Glenn Kawesch, pleaded guilty to tax evasion, filing false returns, and money laundering. Frasier admitted that he transferred $1.25 million of Dr. Kawesch’s profits from his medical practice to an offshore account at the Bank of Nevis to avoid paying incomes taxes. Frasier also admitted he underreported $3.3 million of his own income for the tax years 1997 through 2001, which resulted in a tax loss of $934,000. In addition, Frasier admitted he entered into a series of sham agreements involving a business he helped take public. He did not disclose to the company's president about his ownership of a corporation in Nevis that received $300,000 and 7 million shares. Frasier had telemarketers sell more than 1.3 million of the shares which netted more than $1 million.
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An attorney for popular San Diego eye surgeon Dr. Glenn Kawesch pleaded guilty to tax evasion and money- laundering yesterday and faces up to three years in prison. B. Roland Frasier, 40, of Rancho Santa Fe, admitted in Ryan Deiss Traffic and Conversions federal court that he moved $1.25 countless Kawesch's earnings to an overseas bank to try to avoid taxes and financial institutions. Frasier likewise admitted underpaying almost a million dollars in federal taxes by not reporting $3.4 countless his own income, much of it business earnings from his law office that he utilized for personal costs. And he confessed he entered into a series of sham contracts involving a company he helped take public. He lied to the business's president about his ownership of a corporation in Nevis that got $300,000 and 7 million shares, prosecutors said. He then had telemarketers offer more than 1.3 million of the shares, netting more than $1 million, district attorneys said. Frasier is to be sentenced Dec. 6. In an associated case, Kawesch pleaded Roland Frasier Traffic and Conversions guilty in May in 2015 to averting $4.2 million in federal taxes through sham agreements and schemes. He is scheduled to be sentenced Oct. 25. Kawesch is fighting state regulators who state he should lose his license due to the fact that his Roland Frasier Perry Belcher guilty plea proves "moral turpitude." Federal prosecutors were not sure whether Frasier would lose his bar license as a result of his guilty plea.
