Date: December 17, 2024 Contact: newsroom@ci.irs.gov United States Attorney Susan Lehr announced that Jack Olson, formerly of Council Bluffs, Iowa, was sentenced on December 17, 2024, in federal court in Lincoln, Nebraska, for conspiracy to commit wire fraud and tax evasion. Senior United States District Judge John M. Gerrard sentenced Olson to a total of 33 months’ imprisonment: 21 months for the conspiracy charge and 12 months for tax evasion. The sentences were ordered to be served consecutively. There is no parole in the federal system. After Olson’s release from prison, he will begin a 3-year term of supervised release. Senior Judge Gerrard ordered Olson to pay $136,178.75 in restitution. Between 2017 and April 2023, Olson conspired to defraud the Latino Peace Officers Association (LPOA) for his own personal benefit. Olson, a/k/a “Cody Jones,” would solicit funds from individuals and entities in the District of Nebraska on behalf of LPOA. LPOA donor letters represented that “every penny” of the donations went to athletic programs to keep target youths out of gangs and to other LPOA causes. The LPOA website similarly represented that 100% of donations went to athletic programs for children. As part of the conspiracy to defraud the LPOA, the percentage of LPOA donations Olson kept for himself increased from 65% of gross donations to 80% of gross donations without LPOA board approval. Olson spent a significant amount of those funds on himself and others for personal expenses unrelated to business dealings. Between 2018 and 2021, while soliciting funds for the LPOA, Olson also conducted business using extensive amounts of cash and avoided making records that would allow the IRS to ascertain his tax liability for his fundraising business. Despite being paid 65% to 80% of donated funds to LPOA, Olson failed to file income tax returns for tax years 2018 through 2021, resulting in a federal tax loss of $95,705. Co-defendants Johnny Palermo of Omaha, was sentenced in April 2024 to 24 months’ imprisonment for conspiracy to commit wire fraud, and Richard Gonzalez of Papillion, Nebraska, was sentenced in January 2024 to 18 months’ imprisonment for the conspiracy charge. Both were ordered to pay restitution: $65,014.67 for Palermo; and $66,749.35 for Gonzalez. This case was investigated by the IRS Criminal Investigation (IRS-CI) and Federal Bureau of Investigation. IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a more than a 90 percent federal conviction rate. The agency has 20 field offices located across the U.S. and 12 attaché posts abroad.
