Watch Live: Democratic Presidential Debate in Ohio

Doctor convicted of tax evasion

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SAN DIEGO — A San Diego physician of osteopathic medicine was convicted Thursday of eight counts of tax evasion.

Dr. William Bailey, 57, is scheduled to be sentenced April 20.

Between 2004 and 2011, Bailey earned more than $1.1 million in compensation for his services as a physician in two different local clinic and paid no taxes, according to evidence presented at his federal trial.

Bailey concealed his income by having his paychecks directed to an account in the name of a trust.  A defendant testified that he cut and pasted other documents to create the trust himself and signed the name of another person as the creator of the trust.  As the grantor, sole trustee and beneficiary of the so-called trust, the income was attributed to Bailey as an individual.

Prosecutors said Bailey spent the $1.1 million he deposited in the trust account to pay his personal expenses, including the purchase of a home, two cars, a timeshare and about $400,000 in credit card bills.

Despite earning a significant income, Bailey reported no taxable income on the tax returns he filed. Evidence presented at trial showed he owed a total of $315,000 in unpaid taxes for the period from 2004 to 2011.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.