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A former Pleasanton resident was sentenced to three years in federal prison and ordered to pay nearly $1.4 million for failing to pay taxes in a scheme that defrauded the CEO of an Oakland-based health care provider.
Ranni K. Hillyer was sentenced yesterday and ordered to pay restitution in the amount $1,387,294 for tax evasion. According to her plea agreement, Hillyer was hired by Ramsell Corp. as the chief financial officer and was appointed as the chief operating officer in 2003.
From 2002, to 2004, Hillyer was a financial investment advisor for Ramsell’s CEO and was given authority to handle his personal and business banking as well as having signatory authority over his bank accounts.
During that time,she took nearly $3.9 million from the CEO’s bank accounts, according to the plea agreement, which said she used the money to pay vendors who worked on her personal residence, to pay off a line of credit at Bank of America, to pay for business expenses, to buy real estate for herself and a family member, and to loan money to others.
In doing so, Hillyer evaded income taxes on the millions she took by failing to report those funds on her federal income tax returns for 2002, 2003 and 2004.
Hillyer resides in San Diego. She was indicted in October 2009.
This sounds like Al Capone, they got him for taxes, too.
What about for stealing the money in the first place?
Maybe it’s OK, since the “poor” guy was a health care CEO, who apparently had so much money he didn’t miss it?
Sounds like just another case of Govt IRS overreach to me. We should not be throwing good intnetioned CFO’s into jail simply because of a bookkeeping error or two. Not when we have so many corrupt union teachers gouging the taxpayers with there exorbinant salaries.
Who was it that said you can’t blame someone for loving himself more than he loves you?
Thing is, I can’t figure why IRS enforcement takes precedence over a felony violation of the criminal code. The way the article reads, the IRS gains 1.4 million while the CEO eats a 4-million-dollar loss.
Mike
Hope she enjoys the “Holidays” behind bars…tee hee hee,tee hee hee…
So she did not declare as income, monies that she stole. Guess they didn’t give her a 1099 for it.
Yes she really got it in the butt, but 3 years is not enough.
I am sure her family have the millions stashed away for a rainy day.
So will be drinking champagne when she come out, hope she rots and every day is a killer.
Looks like a movie will be made, as this lady is th Scam Queen , read the cas files on www,leagle.com
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