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August 23, 2004
The United States Attorney's Office for the Northern District of California announced that Randolph S. Bronte, of Tiburon, California, was indicted by a federal grand jury of three counts of tax evasion in violation of 26 U.S.C. § 7201.
The defendant who does business in Tiburon as Stephen Bronte Partners is accused of failing to report over $2,000,000 in federal income taxes owed for the years 1998-2000 and using sophisticated means to impede discovery of the existence or extent of the offenses charged in the Indictment.
The maximum statutory penalty for each count in violation of 26 U.S.C. § 7201 is 6 years of imprisonment and a $250,000 fine. However, any sentence following conviction would be dictated by the Federal Sentencing Guidelines, which take into account a number of factors, and would be imposed in the discretion of the Court. An indictment simply contains allegations against an individual and, as with all defendants, Mr. Bronte must be presumed innocent unless and until convicted.
The prosecution is the result of a 2 year investigation by agents of the Criminal Investigation Division of the IRS. Jay R. Weill, Chief, Tax Division is the Assistant U.S. Attorney who is prosecuting the case.
A copy of this press release may be found on the U.S. Attorney's Office's website at www.usdoj.gov/usao/can. Related court documents and information may be found on the District Court website at www.cand.uscourts.gov or on http://pacer.cand.uscourts/gov.
All press inquiries to the U.S. Attorney's Office should be directed to Assistant U.S. Attorney Cynthia Caporrizo at (415) 436-6740.
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