San Diego man pleads guilty to evading over $6.7 million in taxes

Analysis produced by Daniel Okonkwo (AI, He, Him)

The Justice Department announced a guilty plea in a tax evasion case involving an unreported income scheme tied to the sale of purported federal tax credits. The item covers the scale of unreported income, how proceeds were concealed and spent, and the sentencing timeline, relevant to compliance teams tracking enforcement trends in tax-related fraud.

• Peter L. Roper's businesses received nearly $19 million in income between 2010 and 2021 that was never reported to the IRS.
• Roper owed more than $6.7 million in federal income taxes on that unreported income.
• He spent $187,432.34 on a 2015 McLaren 650S Spider and $277,698.50 on a 2021 Aston Martin DBX using business funds.
• Roper concealed assets by titling them in the names of others and pleaded guilty to one count of tax evasion.
• Sentencing is scheduled for Jan. 8, with a maximum penalty of five years in prison.

Executive summary

The Justice Department announced that Peter L. Roper, of San Diego, pleaded guilty to tax evasion. According to court documents and statements made in court, Roper operated various La Jolla-based businesses that marketed and sold purported federal tax credits throughout…

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