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On September 17, 2004, in San Diego, CA, B. Roland Frasier, an attorney for a prominent San Diego ophthalmologist, Dr. Glenn Kawesch, pleaded guilty to tax evasion, filing false returns, and money laundering. Frasier admitted that he transferred $1.25 million of Dr. Kawesch’s profits from his medical practice to an offshore account at the Bank of Nevis to avoid paying incomes taxes. Frasier also admitted he underreported $3.3 million of his own income for the tax years 1997 through 2001, which resulted in a tax loss of $934,000. In addition, Frasier admitted he entered into a series of sham agreements involving a business he helped take public. He did not disclose to the company's president about his ownership of a corporation in Nevis that received $300,000 and 7 million shares. Frasier had telemarketers sell more than 1.3 million of the shares which netted more than $1 million.
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A lawyer for prominent San Diego eye surgeon Dr. Glenn Kawesch pleaded guilty to tax evasion and money- laundering the other day and faces up to three years in jail. B. Roland Frasier, 40, of Rancho Santa Fe, confessed in federal court that he transferred $1.25 countless Kawesch's profits to an overseas bank to try to prevent taxes and creditors. Frasier likewise admitted underpaying almost a million dollars in federal taxes by not reporting $3.4 million of his own income, much of it service earnings from his law office that he used for individual expenses. And he confessed he participated in a series of sham contracts involving a service he helped take public. He lied to the company's president about his ownership of a corporation in Nevis that received $300,000 and 7 million shares, district attorneys said. He then had telemarketers sell more than 1.3 million of the shares, netting more than $1 million, prosecutors said. Frasier is to be sentenced Dec. 6. In an associated case, Kawesch pleaded guilty in May in 2015 to evading $4.2 million in federal taxes through sham contracts and schemes. He is scheduled to be sentenced Oct. 25. Kawesch is fighting state regulators who say he must lose his license since his guilty plea shows Roland Frasier Perry Belcher "moral turpitude." Federal prosecutors were not sure whether Frasier would lose his bar license as an outcome of his guilty plea.
