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On October 13, 1989, during the CID’s above-mentioned
investigation, the U.S. Attorney’s Office in Sacramento requested
that the CID review certain information and determine whether IRS
special agents from the CID should join in an ongoing grand jury
investigation of Jay Hoyt for possible violations of the Internal
Revenue laws. On November 3, 1989, the IRS Regional Counsel’s
Office requested that IRS special agents be authorized to
participate in the grand jury investigation. On October 2, 1990,
the U.S. Attorney’s Office ended the grand jury investigation of
Jay Hoyt without an indictment.
On or about August 31, 1993, the CID commenced an
investigation of Jay Hoyt for possible criminal violations of the
Internal Revenue laws due to his alleged misrepresentation of the
total number and value of purported cattle that the cattle
partnerships allegedly owned. The CID closed the investigation
on or about October 7, 1993, and did not recommend that the IRS
attempt to have Jay Hoyt prosecuted.
On or about September 8, 1995, the CID commenced an
investigation of Jay Hoyt for possible criminal violations of the
Internal Revenue laws relating to the alleged shortage of cattle
from the Hoyt cattle partnerships. The CID closed this
investigation on September 29, 1995, and did not recommend that
the IRS attempt to have Jay Hoyt prosecuted.
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