4 Colorado residents convicted in $40M trust tax evasion scheme Four individuals from Colorado have been convicted by a federal jury for their involvement in a conspiracy to defraud the United States. This scheme involved an abusive trust tax evasion, resulting in an estimated $40 million in losses to the U.S. The Justice Department announced the convictions.

• Four Colorado residents were convicted by a federal jury.
• The conviction was for conspiracy to defraud the United States.
• Their roles were in an abusive trust tax evasion scheme.
• The scheme caused approximately $40 million in losses to the United States.
• The Justice Department announced the convictions.