- Associated Press - Sunday, November 2, 2014

PHOENIX (AP) - A self-described graduate from the “new school of self-made moguls” pleaded guilty last week to three counts of tax evasion, pre-empting the start of her trial on money-laundering and tax-evasion charges.

Phoenix real-estate investor Tanya Marchiol admitted during a pre-trial conference she didn’t pay taxes on $1.4 million in income between 2008 and 2010, the Arizona Republic reports (https://goo.gl/8k7xmH ). Marchiol admitted guilt without a written plea agreement.

Marchiol, the founder and former CEO of Team Investments, once billed herself as a “real-estate guru” with a celebrity client base and a long list of media appearances.

Federal prosecutors accused her in 2013 of augmenting her financial success by conspiring with drug traffickers to launder money. They also said she had a history of not paying taxes going back to 1998 and bragged about her methods in her book, “The Prosperity Principles: Secrets to Developing and Maintaining Generational Wealth.”

The charges stem from Marchiol’s involvement in the 2008 purchase of a Phoenix house, which she did at the behest of two drug traffickers to shield the actual ownership, prosecutors said in an indictment.

Authorities said the drug traffickers provided Marchiol with $140,000 cash to buy the house. They said Marchiol deposited the money into a business account and commingled it with proceeds from professional athletes who were her clients.

The deal fell apart when Arizona authorities attempted to seize the house as part of an asset-forfeiture case, the indictment alleged. Authorities said Marchiol told the traffickers that her lawyer would take care of the seizure.

Marchiol pleaded not guilty to the charges last year.

Her lawyer said at the time she was shocked by the arrest.

Marchiol used to be a prominent fixture on her company’s website, which highlighted the “incredible returns” she earned for clients and noted her regular appearances on radio and television shows, including CNN, CNBC and Fox Business.

Copyright © 2018 The Washington Times, LLC.

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