December 22, 2011 12:02 AM UTC

BREAKING: TABOR Author Doug Bruce Convicted of Tax Evasion

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• by: Colorado Pols

UPDATE #2: The Grand Junction Sentinel’s Charles Ashby:

Bruce deposited $2 million in an account for the group, which earned interest in the amount of $38,000 in 2005, $55,000 in 2006, and $85,000 in 2007, which Bruce failed to report to state and federal taxing authorities as income. During those time periods, Bruce used these funds as his own.

Bruce also was indicted for filing a false tax return on income he earned during the 2005 tax year and failing to file a tax return concerning income he earned during the 2006 and 2007 tax years, and on attempts to influence a public servant, a class-four felony and the most serious charge Bruce faced.

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UPDATE: FOX 31’s Eli Stokols:

Prosecutors say Bruce evaded his tax responsibilities by funneling his income through a non-profit that he created in 2001 called Active Citizens Together, and failing to report that income to the Department of Revenue.

He faces up to 6 years in prison and $500,000 in fines when he is sentenced on Feb. 13, 2012.

He must also surrender his US passport within 36 hours after prosecutors argued he is a flight risk… [Pols emphasis]

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Details coming, but that’s some sweet irony in the headline.