A former executive at a Defense Department contractor faces up to five years in prison after pleading guilty to tax evasion.
Federal prosecutors say James Robar of Colorado Springs, Colorado, did not file timely tax returns from 2010 to 2019.
In early 2012, he began working for an undisclosed defense contractor, and became the company’s managing director in 2015.
Robar had the company hold bonus payments in an offshore bank account in order to evade paying taxes on them in 2016 and 2017.
And in 2019, he purchased two properties — and titled them solely in his spouse’s name — after receiving a $1 million bonus.
In total, prosecutors say he failed to report some $5.5 million in compensation between 2012 and 2019.
Robar is the second person linked to the same unnamed contractor to plead guilty to tax evasion in recent weeks.
Charles Squires of Ashland, Oregon, allegedly failed to report more than $1.8 million from 2010 through 2019.