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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 cosmetic surgeon Dr. Glenn Kawesch pleaded guilty to tax evasion and money-laundering the other day and faces up to three years in jail. B. Roland Frasier, 40, of Rancho Santa Fe, admitted in federal court that he transferred $1.25 countless Kawesch's earnings to an offshore bank to attempt to avoid taxes and lenders. Frasier also admitted underpaying nearly a million dollars in federal taxes by not reporting $3.4 countless his own earnings, much of it business income from his law firm that he used for individual costs. And he confessed he participated in Roland Frasier Ryan Deiss a series of sham contracts including a company he assisted take public. He lied to the business's president about his Roland Frasier Digital Marketer ownership of a corporation in Nevis that got $300,000 Roland Frasier and 7 million shares, prosecutors stated. He then had telemarketers offer more than 1.3 countless the shares, netting more than $1 million, district attorneys said. Frasier is to be sentenced Dec. 6. In a related case, Kawesch pleaded guilty in May last year to averting $4.2 million in federal taxes through sham contracts and plans. He is set up to be sentenced Oct. 25. Kawesch is combating state regulators who say he must lose his license since his guilty plea shows "ethical turpitude." Federal prosecutors were unsure whether Frasier would lose his bar license as a result of his guilty plea.
