Brothers Kane Jailed and Indicted in Tax Evasion Case


John D. Kane, brother of former Limerick supervisor David was sentenced to a year’s jail after he admitted to tax evasion and bank fraud. His brother David was also indicted in connection with the case. In sentencing, US District Court Judge Eduardo C. Robreno fned Kane $10,000 and ordered him to pay $94,821 in restitution to the IRS.

In the indictment, authorities allege that John helped his brother David obtain loans from Harleysville National Bank, Bank of America and Chase Home Finance. In 2001, David allegedly purchased his primary residence on Bragg Road in Schwenksville. But he was not qualifed to obtain a mortgage on the property so he got his brother John to make a false claim as the purchaser and owner of the property. This was done to prevent the IRS from seizing the property to pay off past unpaid taxes. As at July 2006, David had not paid more than $600,000 in taxes, interests and penalties. What’s more he had not submitted tax returns since 1998.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.