Ron Isley Going To Jail For Tax Evation

In “I wish I had more money to make this trouble go away” news, a federal jury in Los Angeles convicted singer-songwriter Ronald Isley of five counts of tax evasion and one count of willful failure to file a tax return.That’s right; old man “Winters” tried to conceal millions of dollars of income from the Internal Revenue Service. Bad move. Isley, who has residences in Los Angeles and St. Louis, was convicted by a jury that deliberated for only three hours. During a three-week trial with almost 20 witnesses, federal prosecutors apparently proved to the jury that Isley received millions of dollars in cash and spent his money on a luxurious lifestyle. From 1997 through 2002, the evidence showed, Isley evaded the payment of more than $3 million in federal income taxes. Prosecutors claim Isley evaded the payment of income taxes in a variety of ways, including depositing and using for his own benefit royalty checks that were issued to other Isley Brothers-related entities and persons, including Okelly Isley, Isley’s deceased brother. Damn Ron, you’re playing games.Isley also required that one-half of the guaranteed fee for each tour date be delivered to him in cash on the date of the performance. While on tour, Isley paid his musicians and performers in cash, making it difficult to determine how much cash Isley retained from the up-front fee. The balance of the tour performance fees were generally deposited into a bank account in the name of Isley Brothers Music Corporation. The prosecutors argued to the jury that Isley created a vast web of bank accounts and shell companies that he used to conceal his income. Isley is scheduled to be sentenced by United States District Judge Dean D. Pregerson on January 9. At sentencing, Isley faces a maximum possible sentence of 26 years in federal prison.Here’s some jewelry being dropped by EbenGregory on Ron Isley being convicted of tax evasion: You can’t make an omelette without breaking eggs. Too bad you left a trail of shells.But hey, don’t feel sorry for Ron, at least he’s got this hot young thing to come home to when he gets out. He’ll be 100+ years old and she’ll just be turning 40.