DAVENPORT, IA - On October 5, 2015, Monte A. Cox, age 55, appeared before the Honorable Stephen B. Jackson, Jr., and pled guilty to filing a false tax return for the year 2009, announced United States Attorney Nicholas A. Klinefeldt.
According to the plea agreement, Cox underreported income on his personal tax returns for the years 2007, 2008, 2009, and 2010. During this period Cox resided in Bettendorf, Iowa, and earned income as a Mixed Martial Arts (MMA) fight promoter and fighter manager. He operated his business under the name Ultimate Productions, Inc. For each of these years, Cox knew that he had received income from his MMA-related activities and ownership of Ultimate Productions, Inc. that exceeded the income he reported on his tax return. Cox underreported his income by an estimated $255,036 for 2007, $295,854 for 2008, $405,778 for 2009, and $152,509 for 2010.
Cox is scheduled to be sentenced before United States District Court Chief Judge John A. Jarvey on February 24, 2016, at 10:00 a.m., in Davenport, Iowa. Filing a false tax return is a felony that carries a maximum term of three years imprisonment, up to $100,000 fine, and up to one year of supervised release.
This case was investigated by the Internal Revenue Service - Criminal Investigation. The case was prosecuted by the United States Attorney's Office for the Southern District of Iowa.
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According to the plea agreement, Cox underreported income on his personal tax returns for the years 2007, 2008, 2009, and 2010. During this period Cox resided in Bettendorf, Iowa, and earned income as a Mixed Martial Arts (MMA) fight promoter and fighter manager. He operated his business under the name Ultimate Productions, Inc. For each of these years, Cox knew that he had received income from his MMA-related activities and ownership of Ultimate Productions, Inc. that exceeded the income he reported on his tax return. Cox underreported his income by an estimated $255,036 for 2007, $295,854 for 2008, $405,778 for 2009, and $152,509 for 2010.
Cox is scheduled to be sentenced before United States District Court Chief Judge John A. Jarvey on February 24, 2016, at 10:00 a.m., in Davenport, Iowa. Filing a false tax return is a felony that carries a maximum term of three years imprisonment, up to $100,000 fine, and up to one year of supervised release.
This case was investigated by the Internal Revenue Service - Criminal Investigation. The case was prosecuted by the United States Attorney's Office for the Southern District of Iowa.
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