Isley Pleads Not Guilty To Tax Evasion
Isley Brothers lead singer Ronald Isley pleaded not guilty yesterday (Jan. 10) in Los Angeles to charges of failing to report performance and royalty income.Isley Brothers lead singer Ronald Isley pleaded not guilty yesterday (Jan. 10) in Los Angeles to charges of failing to report performance and royalty income.
Isley was indicted in October for allegedly evading taxes from 1997 to 2002 by depositing his dead brother's royalty checks, buying cars for his personal use with money from a business account and paying his band members cash to keep them off the books.
He is charged with five counts of tax evasion and one count of failing to file an income tax return. Isley, 63, was ordered to stand trial March 8. If convicted, he could face up to 26 years in prison.
According to the indictment, the R&B singer avoided paying taxes numerous times in the past three decades and declared bankruptcy after the Internal Revenue Service seized his yacht, cars and other property in 1997.
He was discharged from bankruptcy four years later, but then allegedly did not file tax returns for the years 1997 to 2001 and in 2002 did not sign his return and failed to pay all taxes due.
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