Chesterton man sentenced to 17 years for tax scam

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By Beth Boehne

Story Created: Dec 4, 2008 at 6:54 PM EST

Story Updated: Dec 4, 2008 at 6:54 PM EST

INDIANAPOLIS (AP) — A Chesterton man has been sentenced to more than 17 years in prison for federal tax crimes.

A federal judge sentenced Timothy Shawn Dunn to 17 years and 6 months in prison. Dunn will also be liable for about $315,000 for unpaid taxes, penalties and interest.

Dunn owned a Highland financial advisory business called Moneyfacts. Authorities say Dunn and five other defendants were part of a scheme to market and sell sham trusts through the Aegis Company. The Aegis Company was based in Palos Hills, Ill., but is now defunct.

Authorities say the tax fraud scheme caused the U.S. to lose $60 million in taxes.

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