GREGORY P. STODGHILL FACTUAL BASIS
At all times relevant to the investigation, GREGORY P. STODGHILL had a residence in and received
income in the Southern District of Indiana.
During the calendar year 2008, STODGHILL received gross income totaling approximately $952,500.
STODGHILL failed to timely file his 2008 personal tax return by April 15, 2009 and failed to make
any tax payments to the IRS for his 2008 taxes.
STODGHILL’s primary source of income was from his involvement in various financial investment
ventures that he conducted with Richard DeMaria, a business associate in Chicago, IL. Based on
STODGHILL’s representations that he had vast knowledge of the financial instrument industry, the
European financial market and connections to successfully arrange deals that would generate huge
profits, DeMaria and STODGHILL collaborated on several financial projects. Between January and May
2008, DeMaria wire transferred funds from his various business bank accounts to STODGHILL’s
personal bank accounts as commissions or advances for STODGILL’s role in their financial projects.
In the summer of 2008, STODGHILL approached DeMaria about a plan that was described as leasing a
financial instrument and subsequently introduced DeMaria to a group of investors that each paid
$25,000 to establish an offshore entity and made a
$250,000 investment in the project. DeMARIA and STODGHILL utilized Panorama Global Partners Inc,
an offshore entity formed in the British Virgin Islands and Panorama Global Partners LLC, a
domestic entity, to operate the project. DeMaria and STODGHILL used a small portion of invested
funds to pursue the project and split the remaining funds between themselves. In that regard,
between September 2008 and December 2008, STODGHILL received $750,000 income from investors’ funds.
Specifically, Panorama Global Partners wired $150,000 into an account STODGILL opened in the name
of Gulf Shore Investments Limited Partnership in September 2008. Gulf Shore was a domestic shell
entity that STODGHILL created in 2007.
In October 2008, STODGHILL directed DeMaria to wire $600,000 from Panorama Global Partners LLC
account to the escrow account of Lawrence County Title Company for STODGHILL to purchase a house in
Lawrenceville, IL that he had titled in the name of Unimeo Foundation, an offshore foundation in
Panama. STODGHILL purchased Unimeo to conceal his income and ownership of the property.
As another source of income, in July 2008 STODGHILL received $100,000 from an attorney’s escrow
account as his fee for attempting to obtain a line of credit to build a water treatment facility in
Mali, West Africa. The project was not funded, however STODGILL retained his fee.
When initially interviewed by case agents on August 23, 2011, STODGHILL falsely claimed that his
return preparer had prepared his 2008 and other years’ tax returns and
that he (STODGHILL) had filed them. After the interview, STODGHILL contacted his return preparer
and explained that the IRS and FBI had contacted him and he needed
to get his delinquent tax returns, including 2008, prepared. STODGHILL never provided sufficient
documentation for the return preparer to complete his 2008 return.
On July 3, 2012, STODGHILL admitted to one of the case agents that he had not filed tax returns for
several years and felt sick each year on April 15th.
On October 9, 2012, STODGHILL mailed to the IRS Chief Financial Officer, United States Attorney’s
office and the case agent frivolous documents that included new 1995 through 2011 tax returns,
coupons totaling more than $1.2 million for payment of his tax liability, including a coupon that
purported to pay $966,789 for his 2008 taxes, a “Privately Registered Setoff Bond,” in the amount
of $1,231,952.03, a “Statement of Account” that falsely asserted that he owed no tax for 2008 or
any year, “Forgive Me Request,” UCC Financing Statement, and related documents. Again on October
24,
2012, and November 5, 2012, STODGHILL mailed additional frivolous documents to the IRS, United
States Attorney’s Office and the case agent. STODGHILL then filed a “Writ for Declaratory
Challenge” in the District Court for the Southern Judicial District of IN on November 28, 2012
challenging the enforceability of the United States Code.
STODGHILL also evaded his taxes for the 2006 calendar year. During 2006
STODGHILL received income totaling approximately $217,998 from a real estate flipping scheme
conducted in Evansville, IN.
As a result of STODGHILL’s actions, he evaded taxes totaling $407,324 which
consisted of $61,350 for the 2006 tax year and $345,974 for the 2008 tax year.
