Apr.19, 2010, 5:48 AM CDT, Source: Associated Press
KANSAS CITY, Kan. (AP) — The founder and CEO of a Topeka-based tax service company is scheduled to be sentenced on more than six dozen federal counts of conspiracy, fraud and money laundering.
Michael C. Cooper will be sentenced Tuesday for practices that brought in $75 million before a state judge shut down Renaissance, The Tax People.
A federal prosecutor says in court filings that Cooper should be sentenced to life in prison and ordered to forfeit $75 million.
Cooper's attorney, John Jenab argues that Cooper should get no more than six years and six months in prison and opposed the $75 million forfeiture.
A state judge ordered the company closed in Kansas in May 2001 for what he called an illegal pyramid scheme.