Accountant convicted of tax evasion after failing to report money embezzled from nonprofit Alamogordo | USAO-NM

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ALBUQUERQUE, NM – Marion L. Ledford, 67, of Alamogordo, New Mexico, was sentenced in federal court on February 14 to one year and six months in prison for tax evasion for submitting a personal income tax return on April 28, 2016, which significantly understated Ledford’s taxable income for 2015. Ledford pleaded guilty on November 20, 2019.

According to the plea agreement and other court records, Ledford was a director of the Robert W. Hamilton Foundation, a nonprofit organization providing scholarships to high school graduates in Otero County, New Mexico. Ledford controlled the foundation’s finances without oversight. For more than five years, Ledford used his position of trust to write himself checks totaling $1,785,300 from the foundation’s accounts.

Ledford filed income tax returns, prepared by the accounting firm with which he was a partner, for the years 2011 to 2016 which reported part of his income, but he provided no information regarding receipt of these. extra income and did not report the extra money he embezzled. of the foundation. As a result, in addition to withdrawing money from the foundation, Ledford avoided paying $629,289 in taxes owed to the United States.

Upon his release from prison, Ledford will be subject to three years of probation. Ledford was ordered to pay restitution in the amount of $1,785,300 to the Robert W. Hamilton Foundation and to pay $629,289 to the Internal Revenue Service.

The Internal Revenue Service – Criminal Investigation investigated this matter. Assistant United States Attorney Richard C. Williams prosecuted the case.

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