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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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A lawyer for popular San Diego eye surgeon Dr. Glenn Kawesch pleaded guilty to tax evasion and money- laundering yesterday and faces up to 3 years in prison. B. Roland Frasier, 40, of Rancho Santa Fe, admitted in federal court that he moved $1.25 countless Kawesch's profits to an overseas bank to attempt to avoid taxes and creditors. Frasier Roland Frasier Digital Marketer also confessed underpaying nearly a million dollars in federal taxes by not reporting $3.4 countless his own earnings, much of it organisation Roland Frasier Ryan Deiss earnings from his law office that he used for individual expenses. And he confessed he entered into a series of sham agreements involving a company he helped take public. He lied to the company's president about his ownership of a corporation in Nevis that got $300,000 and 7 million shares, district attorneys said. He then had telemarketers offer more than 1.3 countless the shares, netting more than $1 million, district attorneys 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 plans. He is set up to be sentenced Oct. 25. Kawesch Roland Frasier is battling state regulators who state he should lose his license because his guilty plea proves "ethical turpitude." Federal district attorneys were uncertain whether Frasier would lose his bar license as a result of his guilty plea.
