A man from Sheridan who was facing a trial at the end of the month for federal tax evasion has pleaded guilty.
Robert Sathre entered the plea during a hearing last week in Cheyenne. The update comes from U.S. District Court records. He was charged nine months ago to conspiring to defraud the Internal Revenue Service and evasion of taxes.
According to the indictment, Sathre made three million dollars in the sale of a Minnesota business back in 1995 and concealed his income by filing a tax return reporting $65,000 in total income. He then purchased land in Sheridan and set up another business, a gas station and convenience store known as the Rock Stop.
The charges carry a maximum prison sentence of five years each and fines of a quarter of a million dollars, each. His sentencing has been set for May 7 in Cheyenne. His wife, Judy, was also charged in connection to the crimes, and was to be tried along with her husband. According to the change of plea document, however, she is not named as pleading guilty to the charges.
The original indictment alleged that in 2007, Robert Sathre wired $1.2 million dollars from business sale proceeds to a trust account of a Wyoming law firm. Later, according to the indictment, the Sathres directed the law firm to wire $900,000 from the trust account to their account at a bank in the Caribbean.