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RONALD ISLEY CONVICTED OF TAX EVASION: Singer faces up to 26 years at January sentencing.
*A federal jury in Los Angeles has convicted Ronald Isley of five counts of tax evasion and one count of willful failure to file a tax return, putting the singer at risk of spending up to 26 years in prison.
Prosecutors claim Isley attempted to evade the IRS by demanding that his millions of dollars in performance fees earned between 1997 and 2002 be paid in cash.
In addition to the tax charges, Isley was accused of cashing royalty checks issued to his late brother, O'Kelly Isley, and others, using the money to support a luxurious lifestyle. At one time, he owned an 87-foot yacht, expensive cars, and homes in Los Angeles and St. Louis. The government said Isley created a network of bank accounts and shell corporations to hide his income.
The 64 year-old Isley Brothers frontman, who married his 20-something background singer this past August, must return to court for sentencing on Jan. 9.
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