Mike Madriaga 7:30 p.m., Aug. 27
Former Dentist Who Battled IRS Found Guilty of Tax Fraud
Former San Diego dentist L. Donald Guess has been found guilty of two felony counts of filing false income tax returns following a trial in federal court. He will be sentenced Sept. 16 at 9 a.m. in the chambers of U.S. District Court Judge Jeffrey T. Miller. Through his Xelan entities, Guess ran a money management operation for doctors and dentists. He had relationships with offshore tax havens such as Barbados and the British Virgin Islands, and Xelan had more than $500 million of assets belonging to healthcare professionals. But the Internal Revenue Service declared Guess's programs were tax avoidance schemes. It raided his office. The government lost its initial case against Xelan, but Guess's operation subsequently agreed to shut down and pay $2.3 million to the IRS. Two years ago Guess was indicted for filing false tax returns. After the recent trial, the court declared he had falsely claimed an $800,000 donation in stock to an entity that he fully controlled.