First appeared in Mercury News
A South Bay white collar criminal will spend 30 months in
prison after pleading guilty to tax evasion, authorities said Tuesday.
The U.S. Attorney's Office said Gary Linn Packer, 51, did
not report $8.8 million in stock earnings to the IRS after liquidating shares
from his former company, Sunnyvale-based Network Appliance, in 2000. He was
supposed to pay the IRS $1.8 million in taxes from the stock earnings, but
concealed the profits in trusts and by using false identification numbers.
That year, Packer moved from San Jose and bought a $1.2
million home in Morgan Hill using a trust that was not registered with the IRS.
He also used cash to buy an Audi TT, BMW X5 and Volkswagen Cabriolet, and a
condo in Nashville, Tenn.
Most recently living in Wyoming, Packer pleaded guilty to
one count of tax evasion in a San Jose court in November. On Monday, he was
sentenced to 30 months on prison, followed by three years of supervised
release, and ordered to pay $1.8 million in restitution.
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