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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 confronts three years in prison. B. Roland Frasier, 40, of Rancho Santa Fe, admitted in federal court that he moved $1.25 million of Kawesch's profits to an overseas bank to attempt to prevent taxes and Roland Frasier Digital Marketer creditors. Frasier likewise admitted underpaying almost a million dollars in federal taxes by not reporting $3.4 countless his Roland Frasier Traffic and Conversions own income, much of it company income from his law firm that he used for personal costs. And he admitted he entered into a series of sham contracts involving a Roland Frasier company he assisted 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 countless the shares, netting more than $1 million, prosecutors stated. Frasier is to be sentenced Dec. 6. In an associated case, Kawesch pleaded guilty in May last year to averting $4.2 million in federal taxes through sham agreements and schemes. He is arranged to be sentenced Oct. 25. Kawesch is fighting state regulators who state he must lose his license since his guilty plea shows "moral turpitude." Federal prosecutors were unsure whether Frasier would lose his bar license as an outcome of his guilty plea.
