In re Raejean S. Bonham dba World Plus
Bankruptcy No. F95-00897
Unofficial Web Site

While it is not directly related to the World Plus Chapter 7 case, the recent indictments of World Plus investors Terry Franklin, Avan Brees and Donald Jennings are related to the bankruptcy. The Trustee has received several requests for copies of the indictments. This is the Franklin indictment; the Brees and Jenning indictment is also available at this site.

LORETTA C. ARGRETT
Assistant Attorney General
KEVIN M. KELCOURSE
ANASTASIA M. ENOS
Trial Attorneys
United States Department of Justice
Tax Division
P.O. Box 972
Washington, DC 20044
Telephone: (202) 514-5684
Facsimile: (202) 514-9623
Attorneys for Plaintiff

UNITED STATES OF AMERICA,	)
Plaintiff,	) Case No. A98-128 CR
	) Counts 1-3: Tax Evasion
v.	) Violation of 26 U.S.C.
	) § 7201
TERRY L. FRANKLIN,	)
Defendant.	)

THE GRAND JURY CHARGES THAT:

1. At all times relevant hereto, defendant TERRY L. FRANKLIN was a resident of Fairbanks, Alaska, was the owner of the Polaris Lounge, and purchased contracts relating to an entity called alternatively "World Plus, Inc." and/or "Atlantic Pacific Funding Corporation" (hereafter referred to collectively as "World Plus") that promised a return of up to 50% of the contract purchase price, which entity was operated by defendant’s sister Raejean Bonham and from which he earned income.

2. At all times relevant hereto, defendant was a resident of the State of Alaska and was a citizen of the United States.

3. The Grand Jury realleges and incorporates the factual allegations contained in paragraphs 1 and 2 above.

4. On or about April 15, 1994, defendant, in the District of Alaska, did willfully attempt to evade and defeat a large part of the income tax due and owing by him to the United States of America for calendar year 1993 by: (1) causing to be prepared, and signing and causing to be signed, a false and fraudulent joint U.S. Individual Income Tax Return, Form 1040, which was filed with the Internal Revenue Service, wherein he stated that his taxable income for said calendar year was the sum of $56,687, and that the amount of tax due and owing thereon was the sum of $11,072, whereas, as he then and there well knew and believed, his taxable income for said calendar year was substantially in excess of said amount, and in fact omitted approximately $41,243 in income earned from World Plus, upon which said income there was owing to the United States of America an additional income tax of approximately $11,813; (2) lying to his tax return preparer regarding the amount of income he earned from World Plus; and (3) lying to an Internal Revenue Service special agent about his financial involvement with World Plus during interviews conducted on January 9, 1996, and April 15, 1997.

All in violation of Title 26, United States Code, § 7201.

5. The Grand Jury realleges and incorporates the factual allegations contained in paragraphs 1 and 2 above.

6. On or about August 21, 1995, defendant, in the District of Alaska, did willfully attempt to evade and defeat a large part of the income tax due and owing by him to the United States of America for calendar year 1994 by: (1) causing to be prepared a false and fraudulent joint U.S. Individual Income Tax Return, Form 1040, which was filed with the Internal Revenue Service, wherein he stated that his taxable income for said calendar year was the sum of $92,017, including income in the amount of $30,000 earned from World Plus, and that the amount of tax due and owing thereon was the sum of $20,832, whereas, as he then and there well knew and believed, his taxable income for said calendar year was substantially in excess of said amount, and in fact omitted approximately $34,127 in income earned from World Plus, upon which said income there was owing to the United States of America an additional income tax of approximately $10,883; (2) lying to his tax return preparer regarding the amount of income he earned from World Plus; (3) lying to an Internal Revenue Service special agent about his financial involvement with World Plus during interviews conducted on January 9, 1996, and April 15, 1997; (4) receiving a check dated February 18, 1994, from the president of World Plus, in the amount of $60,000 for the alleged purchase of two and one-half million frequent flier miles, which said purchase was fictitious in that it never happened; and (5) receiving two checks made payable to Creative Travel and a third check made payable to Worldwide Travel totalling $19,100 and cashing said checks at the Boatel Bar.

All in violation of Title 26, United States Code, § 7201.

7. The Grand Jury realleges and incorporates the factual allegations contained in paragraphs 1 and 2 above.

8. On or about April 21, 1997, defendant, in the District of Alaska, did willfully attempt to evade and defeat a large part of the income tax due and owing by him to the United States of America for calendar year 1995 by: (1) causing to be prepared, and signing and causing to be signed, a false and fraudulent joint U.S. Individual Income Tax Return, Form 1040, which was filed with the Internal Revenue Service, wherein he stated that his taxable income for said calendar year was the sum of $57,219, and that the amount of tax due and owing thereon was the sum of $10,953, whereas, as he then and there well knew and believed, his taxable income for said calendar year was substantially in excess of said amount, and in fact omitted approximately $119,530 in income earned from World Plus, upon which said income there was owing to the United States of America an additional income tax of approximately $38,031; (2) lying to his tax return preparer regarding the amount of income he earned from World Plus; and (3) lying to an Internal Revenue Service special agent about his financial involvement with World Plus during interviews conducted on January 9, 1996, and April 15, 1997.

All in violation of Title 26, United States Code, § 7201.

A TRUE BILL.

/S/_______________________________

Presiding Grand Juror

LORETTA C. ARGRETT
Assistant Attorney General

/S/___________________________

KEVIN M. KELCOURSE
ANASTASIA M. ENOS
Trial Attorneys
United States Department of Justice

DATE: July 22, 1998

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