Boroian Toys with Government

Boroian Purchases Florida Home After Tax Evasion Conviction

BONITA SPRINGS, Fla. (Blue MauMau) - On May 16, 2006, when Donald Boroian, founder of Francorp, learned of his one year, one day sentence for felony tax fraud at his hearing, he pleaded with the judge to reduce his sentence to community service or a work release program to help pay back money owed the IRS.  In his plea, according to one source inside the courtroom, he repeatedly said, “I am disgraced.”  But the judge refused saying that in spite of the 26 letters the court had received in his support, he felt the sentence was appropriate and would be a deterrent for others. He gave Boroian until July 28 to get his affairs in order before surrendering to the Duluth Federal Prison Camp. 

But now we are learning from documents in the Lee County Recorder of Deeds that Boroian purchased a home in an exclusive area of Bonita Bay, Florida on May 31, just two weeks after his desperate plea for leniency. Not only is his name on the deed and mortgage of condominium, but also that of his director of transportation—better known to Francorp staff as his “driver” or “personal valet”—and his wife.  Boroian had sold his previous home in Florida to pay the required $100,000 toward his tax liability at his sentencing, according to one source.  

A History of Government Confrontations

Boroian has had a history of confrontations with state and federal governments.  In addition to this latest federal legal action  to collect $542,000 in taxes due to misstating income for the period of 1997 - 2000, his Francorp office had also been raided in 2002 by IRS agents. According to building tenants and former staff, they confiscated computers and files. The Illinois Cook County Recorder of Deeds has filed a number of state and federal tax liens against Francorp over the past ten years, and the latest was filed for the unpaid balance of assessment, totaling $706,126 for 941 employment taxes during 2003 to 2005.

And  now while imprisoned, Boroian has been investigated for conducting business from his cell, a federal policy violation, which resulted in his being placed in solitary confinement days before being released on good behavior—that, according to reliable sources. His projected release date by the prison is now reported to be July 13, 2007, instead of June 6.

But records of the Lee County Florida Recorder of Deeds [see Lee County Deeds - type "Donald Boroian" in name, then scroll down to the bottom of screen to see results; Bonita Springs Mortgage] showing Boroian’s new purchase of the condo in the prestigious Wild Pines Country Club area of Bonita Springs, may raise more questions, not only for Boroian but also for his staff.  Reportedly, money is not only being channeled through Francorp for the Florida home, but also for lavish furnishings and other expenses.