Thomas Y. Jimenez
, 50, of Plantation also must serve one year of supervised release and pay nearly $588,000 in restitution.
pleaded guilty in January to one count of obstructing and impeding the due administration of the tax laws.
Jimenez served as chief financial officer of GlobeTel, a Fort Lauderdale-based publicly traded company, between 2004 and 2005.
It was his
job as CFO to ensure that income-reporting forms, including W-2s
and 1099s were properly prepared and filed with the IRS
any time a GlobeTel officer received company stock as compensation..
According to federal prosecutors, Jimenez
failed to report to the IRS
approximately $2,790,016.00 in stock compensation that GlobeTel
paid to him and other corporate officers.
As part of the scheme, Jimenez
used a nominee company called C&M Management Consulting Inc.
to sell GlobeTel
stock owned by GlobeTel corporate officers.
C&M purported to give the executives a loan secured with the GlobeTel stock.
Rather than holding the stock as collateral for the purported loans, C&M sold the shares and distributed the proceeds back to the executives.
As part of his plea, Jimenez admitted that he knew that the stock serving as collateral for the purported loans would be sold and the proceeds distributed to the GlobeTel execs.
A year ago, the Securities and Exchange Commission sued GlobeTel, Jimenez, former CEO Timothy Huff and another former CFO, Lawrence Lynch, alleging the three cooked the company books in order to inflate the value of company stock.