Monday, April 4, 2016

Kiyanna Elliott Feds give Dallas teacher 18 months for trying to hide $580,000 in income

Summary: Linda Nell Fantroy, a longtime Dallas schoolteacher was sentenced to 18 months in federal prison for trying to hide $580,000 that she deposited between January 2010 and October 2013 in increments of less than $10,000 which amounted to 111 deposits total. What she was doing was called structuring and is illegal. With some of the money, she purchased houses for low income families to live in, but the IRS plans to sell those properties, worrying the tenants. She begin serving person it's on June 6.

Analysis: I can understand why the act of depositing money in increments like that can be used for the wrong reasons. It makes me think back to when the gilded age happened, where the robber barons want to keep all the profits they made and this would be the perfect practice to use without getting caught, but I think this one had good intentions and she wanted to help and the only way she could do that was through this practice. Now she will have a record for nonviolent crime that didn't harm anyone and actually helped. I just hope that when she gets out this will not affect her life too harshly because once he go to prison is a lot less likely to get a job.

Source: http://crimeblog.dallasnews.com/2016/04/middle-school-teacher-gets-18-months-in-federal-prison-for-trying-to-hide-580000-in-income.html/

2 comments:

  1. When a rich person hides there taxes they get away with it but when a regular middle class american does so in order to help those less fortunate she get's punished. Now i'm not saying what she did was right but it highlights the disparity in our system.

    ReplyDelete
  2. When a rich person hides there taxes they get away with it but when a regular middle class american does so in order to help those less fortunate she get's punished. Now i'm not saying what she did was right but it highlights the disparity in our system.

    ReplyDelete