Clovis resident Steven Charles Laubly, 62, was convicted Tuesday of three counts of failing to file a tax return and one count of tax evasion. A federal court jury in Fresno returned the verdict after a five-day trial before U.S. District Judge Lawrence J. O'Neill. Laubly was taken into custody after the verdict was read.
According to testimony, between 2004 and 2006 Laubly ran a successful real estate brokerage business in Clovis called Sundance Real Estate. Despite having a gross income of $557,832 for those years, he did not file federal income tax returns. Evidence showed Laubly had filed a tax return only once in his life, in 1968.
The evidence also showed that after back taxes were assessed against him for 2001, he evaded payment of those taxes by purchasing property in Hawaii under another person's name, making false statements to the IRS about the sales price of his business, and attempting to hide money from the IRS in Costa Rican bank accounts.
Laubly is scheduled to be sentenced on May 29.
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