- Associated Press - Tuesday, November 3, 2015

PORTLAND, Ore. (AP) - A Bend businessman is accused of declaring fake charitable donations of $3.2 million in stock to the University of Oregon and Stanford University in an IRS return, giving him a sizable tax refund and a federal fraud charges.

The Oregonian reports (https://bit.ly/1NoEuyI ) Stephen Munson pleaded not guilty Monday in Portland’s U.S. District Court. An indictment accuses 71-year-old Munson of filing a false income tax return in 2009 and later concealing property and making false statements in bankruptcy filings.

Munson sold his controlling interest in Vulcan Power Co. in 2008 for nearly $15 million.

Defense attorney Ron Hoevet says he was shocked to see the tax fraud charge and has not been able to review evidence supporting other allegations.

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Information from: The Oregonian, https://www.oregonlive.com

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