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Seattle Businessman Convicted in $4.7 Million Tax Evasion Scheme
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Subscribe16 JUL 2025 / ACCOUNTING & TAXES
Former commercial real estate star Ronald Cordes was convicted on multiple counts of tax evasion and filing false tax returns. Cordes orchestrated a five-year plan to hide millions in profits from the IRS through shell companies and false returns, leading to a potential 29-year prison sentence and setting a precedent for the IRS's vigilant crackdown on high-income earners attempting tax evasion.
This courtroom drama scorched Seattle’s financial scene. Ronald Cordes, once a rising star in commercial real estate, now has a one-way ticket to federal prison. Convicted last week on multiple counts of tax evasion and filing false tax returns. And while...
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