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Vincennes Man Sentenced for Tax Evasion

A U.S. District Court Judge in Evansville sentenced a Vincennes man to a maximum five-year prison term for tax evasion Tuesday and ordered him to repay more than 407-thousand dollars in federal income taxes.

Federal authorities say 46-year-old Gregory Stodghill evaded paying taxes through a complicated series of financial schemes that funneled outside investor funds through a number of off-shore shell companies in places such as the British Virgin Islands and Belize.

The US Attorney for Southern Indiana says those schemes and other financial transactions - including a 2006 real estate flipping scheme in Evansville - created more than $1 million in personal income for Stodghill that he did not pay taxes on.