Lafayette Stockbroker Pleads Guilty To Tax Fraud

LAFAYETTE, La. (AP) — A 56-year-old Lafayette stockbroker and financial consultant has pleaded guilty to not reporting more than $350,000 in income on his tax return.

Donald Domingues entered the guilty plea Wednesday to one count of making a false tax return.

U.S. Attorney Stephanie Finley tells The Advertiser the plea was before U.S. District Judge Richard Haik.

According to the plea agreement, Domingues was paid a $351,000 commission in 2007 to help negotiate the sale of Powerhouse Inc., a Louisiana natural gas equipment supply service company.

When Domingues filed his federal income tax for 2007, Finley says he intentionally left out the $351,000 sales commission. She says the tax loss was about $121,051.

Domingues faces up to three years in prison and a $100,000 fine. A sentencing date has not been set.