MJ's manager admits tax evasion
2011-06-23 10:44
Washington -The general manager to late pop icon Michael Jackson pleaded guilty to tax evasion on Wednesday in a federal court in Washington, according to the US Justice Department.
Raymone Bain, founder of public relations firm Davis, Bain & Associates, became personal general manager to the superstar and president of the Michael Jackson Company in 2006, and was responsible for financial, public relations and marketing tasks.
"Despite earning substantial income, Bain knowingly failed to file her federal (and) District of Columbia income tax returns, and she failed to pay income taxes owed during 2006 through 2008," the Justice Department said in a statement.
"According to the plea documents filed in court today, the tax loss is between $200 000 and $400 000."
Bain pleaded guilty to two charges. Sentencing was set for August 31, and she faces up to 18 months in prison and fines of up to $105 000.
Jackson died in 2009 at age 50, and his personal doctor Conrad Murray faces involuntary manslaughter charges over the death. His trial has been postponed until September.