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Continued: Minnesota tourism expects $8 for every $1 spent on marketing

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Last update: May 18, 2014 - 5:21 PM

Another former employee of Bixby Energy Systems, the fraud-riddled promoter of clean-coal technology, is going to federal prison — for tax evasion. Melanie Lynn Bonine, the daughter of company co-founder Robert Walker, was sentenced last week in U.S. District Court to three years for not paying taxes on $700,000 in income in 2009 from the sale of securities in the defunct Ramsey-based company. She pleaded guilty to the tax crime last year.

U.S. District Judge Susan Richard Nelson tacked on a year to the recommended maximum prison term of two years, agreeing with federal prosecutors that Bonine had misappropriated money from Bixby. She was never charged with fraud.

Walker, the former Bixby CEO, was found guilty in U.S. District Court in St. Paul in a 17-count verdict of cheating 1,800 investors out of $57 million. He awaits sentencing. Two other men who participated in the fraud were sentenced earlier to multiyear prison terms.

David Shaffer

 

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