Federal prosecutors for the Southern District of Florida files a civil lawsuit against Roger and Nydia Stone for failing to pay $2 million in taxes and using a company to hide their personal income.
The Stones used a company called Drake Ventures to hold their personal finances, allowing them to “shield their personal income from enforced collection and fund a lavish lifestyle despite owing nearly $2 million in unpaid taxes, interest and penalties.”
In 2018 and 2019, Roger Stone transferred over $1 million to Drake Ventures through checks and wire transfers, then used the company’s accounts for personal expenses like “groceries, dentist bills, spas, salons, clothing and restaurant expenses.”
But it gets worse.
The Stones intended to defraud the United States by maintaining their assets in Drake Ventures’ accounts, which they completely controlled, and using these assets to purchase the Stone Residence in the name of the Bertran Trust.
The Stones’ purchase of the Stone Residence using funds they held in the Drake Ventures’ Wells Fargo account is marked by numerous badges of fraud.United States of America v. Roger J. Stone
Read the full court filing at the link below.
Photo: AP Photo / Seth Wenig