Jun 21, 2016
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A federal grand fury found a Point Richmond man guilty of three counts of tax evasion in connection with income he earned from a local business, the U.S. Department of Justice announced Tuesday.

Richard A. Grant, 64, owns half of Grant Engineering and Manufacturing, a Richmond-based producer of plastic injection molds. Grant earned a “substantial income” from the business from 2005 to 2009 that were not reported to the IRS. Rather, prosecutors say Grant went to lengths to hide it from the government.

For about a year, Grant reportedly stashed the funds in a warehouse bank in Arkansas that ended up closing down following a federal criminal investigation. He “funded multiple prepaid debit cards and wrote hundreds of checks out of the account” to pay his mortgage and other personal expenses, the government statement said.

After the Arkansas warehouse shut down, he began converting the income into cashier’s checks and cash at a local bank to avoid making deposits. He used cash to purchase “hundreds” of money orders to pay his bills, not just for utilities and taxes but also for “expenses for his classic aircraft.”

Grant faces as many as 15 years in prison — or a maximum of 5 years for each count — when he is sentenced on Sept. 28, among other penalties.



“Mr. Grant cheated on his taxes and then tried to hide that fact from the IRS,” U.S. Attorney Brian Stretch.  “As a consequence, he now faces the real possibility of spending years in prison.”





About the Author

Mike Aldax is the editor of the Richmond Standard. He has 13 years of journalism experience, most recently as a reporter for the San Francisco Examiner. He previously held roles as reporter and editor at Bay City News, Napa Valley Register, Garden Island Newspaper in Kaua’i, and the Queens Courier in New York City.