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raymone bain pleads guilty to tax evasion. sentencing august 31

Michael Jackson's ex-GM sentenced on tax violation
By NEDRA PICKLER, Associated Press &#8211; 5 minutes ago <iframe allowtransparency="true" frameborder="0" hspace="0" id="I1_1319558701780" marginheight="0" marginwidth="0" name="I1_1319558701780" scrolling="no" src="https://plusone.google.com/u/0/_/+1/fastbutton?url=http%3A%2F%2Fwww.google.com%2Fhostednews%2Fap%2Farticle%2FALeqM5juKIJLes4qvwMv0UTpWvqFOo1KNQ%3FdocId%3D9f520eec587b4a53a93ab514ad6a99c2&size=small&count=true&annotation=&hl=en-US&jsh=r%3Bgc%2F23980661-3686120e#id=I1_1319558701780&parent=http%3A%2F%2Fwww.google.com&rpctoken=245658029&_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe" tabindex="-1" vspace="0" width="100%" title="+1" style="margin-top: 0px; padding-top: 0px; width: 70px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; height: 15px; position: static; left: 0px; top: 0px; visibility: visible; "></iframe>
WASHINGTON (AP) &#8212; A judge is sparing Michael Jackson's former general manager prison time after she tearfully admitted failing to file her taxes because she says she was overwhelmed with the late singer's affairs.
U.S. Magistrate Judge Alan Kay sentenced Raymone Bain to five years' probation and to pay just over $200,000 in back taxes to the IRS and District of Columbia for the 2006-2008 tax years.
Prosecutors say Bain was earning $30,000 a month as president and general manger of the Michael Jackson Co. during that time. They asked Kay to lock her up for a year and half to show that tax scofflaws will be punished.
Bain apologized for breaking the law but said her responsibilities to Jackson and her mother dying of Alzheimer's made her neglect her own duties.

http://www.google.com/hostednews/ap...Oo1KNQ?docId=9f520eec587b4a53a93ab514ad6a99c2
 
WASHINGTON (AP) &#8212; A judge on Tuesday spared Michael Jackson's former general manager prison time after she tearfully admitted failing to file her taxes and blamed the failure on being overwhelmed with the late singer's affairs.


U.S. Magistrate Judge Alan Kay sentenced Raymone Bain to five years' probation and to pay $202,422 in back taxes to the IRS and District of Columbia for the 2006-2008 tax years.

Prosecutors said Bain was earning $30,000 a month as president and general manger of the Michael Jackson Co. during that time. They asked Kay to lock her up for a year and a half to show that tax scofflaws will be punished.

"It's important that the law-abiding taxpayers of the United States are not dupes for following the law," prosecutor Karen Kelly told the judge, also noting that Bain has yet to file returns for 2009 or 2010.

Bain pleaded guilty to two counts of failing to file returns &#8212; one for the IRS and one for the District of Columbia, where she ran a public relations firm from the basement of her home. She specialized in handling media relations for high profile clients, including tennis star Serena Williams, longtime Washington mayor and councilman Marion Barry and rhythm and blues vocal group Boyz II Men.

Her attorney said the criminal charges have damaged her business because clients don't want someone with her problems speaking on their behalf.

Bain became Jackson's spokeswoman in 2003 and the singer promoted her to head of his company in 2006 after his child molestation trial. She said she was responsible for rehabilitating his image and finances, including negotiating the release of a CD to commemorate the 25th anniversary of his "Thriller" album, refinancing his loan to keep the Beatles' song catalog, and negotiations that led to a sold-out concert series in London cancelled because of his death. In 2009, she sued him for $44 million she said she was owed for handling the deals &#8212; one of many former Jackson associates to sue for failure to pay &#8212; but attorneys for his estate successfully argued to have the case thrown out last year.

Still, Bain spoke affectionately of her former boss in court Tuesday, referring to him as "the late king of pop Michael Jackson" in reading a statement to the judge pleading for mercy. She sobbed as she recalled how he and her mother, who had Alzheimer's disease, died six months apart in 2009.

"Addressing their needs, your honor, became my mission," she said in a quiet voice, shaking with emotion. She noted that she was granted extensions to file her taxes and said she had an appointment with her accountant to do so when the IRS came to her door.

"I was wrong not to stop and get things done and to focus, but I was an emotional wreck," she said.

Kay responded that being busy isn't an excuse for failing to file tax returns. He said Bain clearly had the resources and staff available to help her, noting prosecutors found deposits of roughly $1.3 million during the three years she didn't file taxes. But he said he would not send her to jail for the first-time offense. He gave her a 90-day sentence but suspended it and instead ordered the probation

SOURCE: http://news.yahoo.com/michael-jacksons-ex-gm-sentenced-tax-violation-155936556.html
 
Why she invoking Michael's name in it? He had nothing to do it with.
And she surely won't addressing his needs, she was running his business in the ground!
 
Some people always have to bring Michael Jackson into everything. Raymone Bain is a grown woman, she signed up for the position as Michael's GM, so she clearly knew what she was getting into. If she could'nt handle his business and her own at the same time she should've declined his job offer. Bottomline though, I think she just tried to stiff the IRS and did'nt think they would notice!
 
Michael should not be part of her excuse. Her employment had been terminated, and she had accepted a settlement before he signed the AEG concert deal. That's why the estate was able to get her lawsuit tossed out.
 
I agree with the two post above.

MJs name should have never came up period. She is a grown women and she needs to handle her bussiness right. How was MJ affairs gettin in her way when she wasn't even filing his taxes either? Then what was keepin her so bussy then? She worked for him and wanted to but, then copmplains about it later? She should have quitted then. But, MJ did her a favor and gave her the boot instead. Smart move. To bad because I use to like her at one point and she do defend him well. But, she shot her own credibility out the window. I hope that Rabbi Shumley guy also get's exposed aswell publicly because he was again caught stilling money from chartites for kids I read! Yet, the @$$ is still invited on shows to talk about Michael too. o_O SMH
 
You have no idea how much I am hoping that soon and very soon that darn Rabbi Shumley gets exposed for the fraud that he is!
 
Seems like a fair sentence. She won't try to dodge taxes again anytime soon.
 
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