Financial advisor evaded paying taxes

LANCASTER, N.Y. (WIVB) - A man whose job was to advise others regarding their finances was sentenced to a year in jail on Friday for attempting to evade paying his taxes.

Prosecutors say Eric Justin, 49, of Lancaster employed several schemes to evade paying his taxes over an eight-year period, ultimately withholding over $250,000. Justin redirected income to his wife, failed to use any typical accounting method, failed to differentiate between business and personal accounts, did not disclose to the IRS or his accountant more than $98,000 in life insurance proceeds, and also falsely claimed his real property was encumbered in order to deflate his asset equity numbers.

Justin will spend a year in federal prison for the scheme and have to pay restitution.