Missouri Venture Capitalist Pleads Guilty to Tax Fraud

3 years 3 months 1 week ago August 26, 2013 Aug 26, 2013 Monday, August 26 2013 Monday, August 26, 2013 3:22:44 PM CDT in News
By: The Associated Press

ST. LOUIS (AP) - A 50-year-old Creve Couer venture capitalist pleads guilty to felony tax evasion over millions in undeclared income.

Federal prosecutors say Burton Douglas Morriss owes more than $5.5 million for income earned between 2006 and 2009. He pleaded guilty Monday in U.S. District Court and awaits sentencing.

Morriss used limited liability companies in his mother's name to claim $18.1 million in losses in 2007. Those claims came after his mother previously filed the same passive income losses. He also admitted to evading millions more in taxes on income from his venture capital companies over the next several years.

He faces up to five years in prison and a $100,000 maximum fine, along with mandatory restitution. The federal Securities and Exchange Commission recently banned Morriss from working as a securities officer.

 

More News

Grid
List
COLUMBIA -Residents got updated Tuesday night on two upcoming construction projects in the northern part of the city. Representatives... More >>
6 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 8:04:00 PM CST in News
FENTON (AP) — Police are investigating the deaths of a couple whose stabbed bodies were found in their home in... More >>
7 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 7:15:16 PM CST in News
COLUMBIA - It will now cost businesses or individuals who block sidewalks, traffic or parking spots in the city. ... More >>
8 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 5:59:00 PM CST in News
JEFFERSON CITY - Several mid-Missouri housing authorities will soon be changing their rules on smoking inside or near public housing.... More >>
8 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 5:55:00 PM CST in News
COLUMBIA - The University of Missouri is officially looking for a new chancellor. And it might not have to go... More >>
9 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 5:07:00 PM CST in News
JEFFERSON CITY- MoDot published Tuesday, an online guide in an effort to educate Missouri drivers on what their related tax... More >>
9 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 4:56:00 PM CST in News
COLUMBIA - The City of Columbia is looking for input from citizens on a variety of topics, from sidewalks to... More >>
10 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:59:00 PM CST in News
SPRINGFIELD, Mo. (AP) — Democratic lawmakers in Missouri want to criminalize firearm storage that allows children to easily find weapons... More >>
10 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:48:11 PM CST in News
COLUMBIA – Columbia could be home to a new radioisotope facility as early as 2018. If the project goes through,... More >>
10 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:46:00 PM CST in News
COLUMBIA - The University of Missouri Police Department received a report on Monday, Dec. 5 of a male who committed... More >>
11 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:33:00 PM CST in News
JEFFERSON CITY - Property owners in Cole County are seeking voluntary annexation into Jefferson City. Some of the residents weighed... More >>
11 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:20:00 PM CST in News
COLUMBIA – The speed limit on part of Providence Road will drop from 55 to 50 mph beginning Wednesday. ... More >>
11 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 3:11:00 PM CST in News
COLUMBIA - A grant approved during Monday night's city council meeting will allow for the city of Columbia to make... More >>
12 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 2:41:00 PM CST in News
KANSAS CITY (AP) — A trial has been scheduled for late next year for a Missouri man accused of sexually... More >>
13 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 1:00:46 PM CST in News
JEFFERSON CITY (AP) — A man with a history of violent sex offenses dating back to the 1960s has been... More >>
15 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 11:35:57 AM CST in News
WARRENSBURG (AP) — At a time when reports of anti-Muslim sentiment are rising, members of a west-central Missouri Islamic Center... More >>
15 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 11:14:00 AM CST in News
COLUMBIA - Schurz and McDavid residence halls on the University of Missouri's campus could close indefinitely after the 2016-17 school... More >>
15 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 10:57:00 AM CST in News
CLAYTON (AP) — St. Louis County police are searching for a man who allegedly tried to run over officers with... More >>
16 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 10:16:00 AM CST in News
Columbia, MO
Broken Clouds 28°
3am 29°
4am 29°
5am 31°
6am 30°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
Today
3:00a
Mad Money
4:00a
Early Today
2:30a
Paid Program
3:00a
Paid Program
3:30a
Paid Program

Tonight's Schedule

7:00p
Hairspray Live!
9:55p
To Be Announced
7:00p
Arrow
8:00p
Frequency
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld