A man from Sheridan who pleaded guilty to federal tax evasion on $3 million was sentenced today in U.S. District Court in Cheyenne.
Robert Sathre was sentenced to three years in prison and restitution of more than $3 million, to be paid in monthly installments of $250.
The sentence was passed down by Judge Alan B. Johnson. According to the sentencing document, the court recommended placement at Yankton, S.D. Sathre was ordered to surrender to prison on June 30. He waived his right to appeal. Upon release, he’ll be on supervised probation for three years, and will not be allowed to open any new lines of credit or incur debt.
Sathre was charged nearly a year ago with conspiring to defraud the Internal Revenue Service and evasion of taxes. According to the indictment, he made $3 million 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 carried a maximum prison sentence of five years and fines of a quarter of a million dollars, each. The original indictment alleged that in 2007, Sathre wired $1.2 million from business sale proceeds to a trust account of a Wyoming law firm. Later, according to the indictment, he directed the law firm to wire $900,000 from the trust account to an account at a bank in the Caribbean.