Former MN Golf Course Owner Admits To Tax Evasion
Roger Pedley—who until recently owned Pine Ridge Golf Club in Motley, a small town west of Brainerd—pleaded guilty Monday to four counts of tax evasion, according to Minnesota’s U.S. Attorney’s Office.
Pedley was indicted in April for allegedly evading taxes for tax years 2000 through 2009. He was initially charged with four counts of tax evasion, six counts of “structuring cash transactions,” and two counts of making false statements to a federal agent.
The indictment alleged that Pedley had accounts at eight financial institutions and knew that cash transactions exceeding $10,000 by one person in a single day were required to be reported by financial institutions to the U.S. Department of the Treasury.
Between 2006 and 2009, he conducted about 114 cash transactions of less than $10,000, and about 94 of them were for $9,900, the indictment alleged. In other words, he was accused of structuring hundreds of thousands of dollars in cash transactions in a way that evaded federal reporting requirements. And the money was not reported as income on several years of his tax returns, according to the complaint.
In his plea agreement, Pedley admitted to owning and operating the Pine Ridge Golf Course as well as “engaging in other business ventures,” the U.S. Attorney’s Office said. The businesses “generated considerable cash income” for him, and he admitted to “engaging in transactions with this cash at various banks in ways that avoided triggering the banks’ federal currency reporting requirements.”
Pedley also admitted that he didn’t declare the cash as income on the personal income tax returns that he filed jointly with his wife for tax years 2006, 2007, 2008, and 2009, according to the U.S. Attorney’s Office.
Pedley faces up to five years in prison for each of the four counts to which he pleaded guilty, and his sentence with be determined by a U.S. District Judge at a yet-to-be-scheduled hearing.
Reached by phone on Tuesday, a Pine Ridge Golf Club employee told Twin Cities Business that Pedley no longer owns the golf club, which he said changed hands roughly three weeks ago.