Universal Media Management?
 

n Anaheim woman who was an executive of a cash-based adult entertainment company was sentenced Monday to probation and restitution for cheating the Internal Revenue Service out of taxes, authorities said.
Catherine Shidad, 34, pleaded guilty in September in U.S. District Court in Los Angeles to a charge of filing a false tax return on behalf of her employer, Universal Media Management, with offices in Santa Fe Springs and Cerritos.ADVERTISEMENT
Shihad caused a tax preparer to file a federal corporate income tax return for the fiscal year ending Sept. 30, 2004 that contained false information, U.S. Department of the Treasury Special Agent Linda Lowery said.
UMM's net income was substantially more than the amounts reported on the 2004 tax return, according to the IRS. The estimated lost tax revenue totaled about $140,000, Lowery said.
Shihad was sentenced by U.S. District Judge Stephen V. Wilson to three years probation and ordered to pay restitution of $140,000, according to Assistant U.S. Attorney Angela J. Davis.
A business associate of Shihad, Oscar Macias, 36, also of Anaheim, also has pleaded guilty in the scheme and is scheduled to be sentenced Jan. 9. Like Shihad, he faces a maximum of three years in federal prison and a fine of $250,000.
UMM's business consisted of providing live adult entertainment to customers who made cash payments to the company, Lowery said.

http://www.ocregister.com/news/tax-3...ad-return.html

Porn exec gets 15 months for cheating on taxes
 

LOS ANGELES ? The second of two Anaheim residents who ran an adult entertainment business was sentenced Tuesday to 15 months in prison for cheating on federal taxes.
Oscar A. Macias, 36, an officer and shareholder of Universal Media Management, with offices in Santa Fe Springs and Cerritos, additionally was sentenced by U.S. District Judge Stephen V. Wilson in Los Angeles to spend a year on supervised release after serving his time.

Macias' sentencing follows that of his former business partner in UMM, Catherine Shidad, 34, who in late November was sentenced to three years of probation and ordered to pay restitution for cheating the Internal Revenue Service.

Macias has been in federal custody since his arrest in November. He pleaded guilty in September to one count of filing a false individual tax return for the 2003 tax year.
During 2003-2005, UMM provided live adult entertainment to cash-paying customers.

Macias, in a plea agreement, admitted to receiving during this period income from the company that he did not report on his federal income tax returns, resulting in a total tax loss of $32,897, U.S. Department of the Treasury Special Agent Linda Lowery said.
Shidad pleaded guilty in September to a charge of filing a false tax return on behalf of UMM for the fiscal year ending Sept. 30, 2004, that contained false information and resulted in estimated lost tax revenue of about $140,000, Lowery said.

The investigation into Macias and Shidad was conducted by IRS ? Criminal Investigation in conjunction with the U.S. Attorney's Office.

http://www.ocregister.com/news/tax-3...cias-year.html

Thanks top notch.
:thumbsup

Live entertainment? So they busted some pimps for not paying taxes?

Is this the first time they managed to pull this off successfully or something, that its news?