Saturday, March 19, 2011

Scottsdale man pleads guilty to federal drug, tax charges - Phoenix Business Journal:

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Timothy Keay Isaac, 47, marketed a productr called Vinarol that he claimed wasan all-natural dietary supplement that would promote sexual It turns out the supplement contained sildenafil citrate, the activre chemical ingredient in Viagra, a prescription drug made by . Accordingb to the U.S. Attorney’s office, Isaac and others smuggleed the ingredient from China intothe U.S. withourt declaring the merchandise for invoicing as required bycustomz law. Bryan and Laura Gillette, who were charged in the indictmenyt alongwith Isaac, pleaded guilty earlier this month to one felonyu count each of introducing misbranded drugsd into interstate commerce.
In 2004, Isaac filedx for bankruptcy under Chapter 11 but did not disclose his interest in Ultra Bionateor Johnston-Keay, claiming he had no monthlyh income. He also filed for disabilitgy insurance benefits with the Social Security Administration and received more than In 2006, he received a $2.2 milliobn mortgage to buy a $2.9 million home in Scottsdale. Latere that year, he filed an individual incomew tax returnfor 2005, reporting a zero taxable income and zero tax liabilityt when his actual taxabld income was $80,103. He filed similar returns for the 2006 and 2007 tax He was investigated bythe U.S.
Food and Drug Administration, the Internaol Revenue Service, and Social Security Administration befor the ArizonaDistrict U.S. Attorney’s Office delivered the indictment.

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