Adrian Sod owner indicted on 45 counts of tax fraud - KSFY News - Sioux Falls, SD News, Weather, Sports

Adrian Sod owner indicted on 45 counts of tax fraud

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The owner of Adrian Sod faces a lengthy indictment for charges he willfully failed to pay his taxes for over a decade and tried to hide his assets from the Internal Revenue Service.

Court documents show that Jerome Adrian, 70, stopped paying his income taxes in 2001 and began moving his assets into sham trust funds to hide them from the IRS and to lower his annual income.

Over time, Adrian moved all his bank accounts, his home, farmland, and various vehicles into these fake trusts. Whenever the IRS sent delinquency notices, Adrian stopped using the account and created another sham trust and moved the assets over.

An IRS agent went to Adrian's farm in 2010, Adrian told the agent he had no assets because everything was in trusts. When asked what his net worth was, Adrian said 'nothing' when really Adrian's assets totaled nearly $5 million.

Two others are also named in the indictment. Raymond Ehrman, 72, was the trustee of Adrian's account. He is accused of helping cover up these fake trusts. Jerome Adrian's son, Jared Adrian is also accused of hiding assets in his father's fake trusts.

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