Lyon businesswoman pleads to tax charges
November 10, 2005
Donna L. Glock, who operated a real estate title company in Yerington in the late 1990s, has admitted to identity theft and tax evasion charges.
U.S. Attorney Daniel Bogden said Glock pleaded guilty Monday to obtaining mortgage loans by fraud and misappropriating the money for her own use.
She faces up to 15 years in federal prison and a $250,000 fine on the identity theft count plus another 5 years and $250,000 fine for the tax evasion count.
Sentencing is set for Feb. 16 in Reno.
Glock operated American Title & Escrow in Yerington in 1999 and 2000. According to the federal charges, she used her position as underwriter for the company to obtain loans and then take the money for her personal use. The tax charges were filed because she didn’t report the funds taken as income.
The charges list three mortgage loans totaling $192,500. In addition, she admitted to taking $377,511 from the bank accounts of American Title & Escrow for her personal use.
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The estimated tax loss to IRS is $118,516.