Dumdum sentenced to prison
BY KIM JANSSEN Federal Courts Reporter firstname.lastname@example.org November 1, 2012 10:00PM
Rimando Dumdum, formerly with "Richman Tax Solutions."
Updated: December 3, 2012 6:41AM
He called his business “Richman Tax Solutions.”
But you don’t need to be wealthy to know that accountant Ray Dumdum’s ‘solution’ to the eternal problem of taxes wasn’t too clever.
Dumdum didn’t pay any — and now he’s going to prison.
The 44-year-old man helped his clients illegally shave an average of $1,400 from their tax bills, but also cheated the government out of more than $200,000 in his own taxes.
On Thursday, he stood before Judge John Darrah at a sentencing hearing in Federal Court and confessed, “I am truly sorry for the things I have done.”
Even his own attorney, Steven Hunter, conceded, “I don’t think this was a well thought out scheme on behalf of Mr. Dumdum.”
Under a deal which saw him cooperate with IRS investigators, Dumdum pleaded guilty to fraudulently completing tax returns for a dozen clients at his North Side business and was sentenced to two years behind bars. But prosecutor Steven Baker said that an audit shows that Richman Tax Solutions cheated on 99 percent of the tax returns Dumdum filed, meaning he likely illegally evaded $3.5 million in taxes on behalf of his clients.
Sentencing the accountant, a Filipino immigrant who said he came to the U.S. 22 years ago with just $200 in his pocket before starting a family and a successful business, Judge Darrah told Dumdum, “You are the embodiment of the American Dream.”
He warned Dumdum that he would likely be deported once he has completed his sentence, which includes a requirement that he pay $231,000 in restitution to the IRS.