Under penalty of perjury, Handel stated that he had no income from 2013 until April 2015. Handel pleaded guilty in February in downtown Los Angeles to charges of making a false statement in bankruptcy and submitting a false tax return.Īccording to his plea deal, in April 2015, Handel filed a bankruptcy petition in Los Angeles in which he knowingly made false statements.
Wright also ordered Handel to pay the Internal Revenue Service nearly $1.62 million in outstanding tax liabilities, including penalties and interest, according to the U.S. Wright II, who also fined Handel $20,000 and ordered him to forfeit about $3.54 million, which represents the proceeds of the sale of real estate in Alameda County. LOS ANGELES - An Agoura Hills-based real estate developer was sentenced Tuesday to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned nearly $2.3 million in income and for failing to report almost $6.9 million in income on his tax returns.
