Prominent KC business woman could be headed to prison
KANSAS CITY, Mo. — A prominent Kansas City business woman and philanthropist could spend two years in prison.
Federal prosecutors say Cheryl Womack lied under oath about her income and taxes.
Womack pleaded guilty although her attorneys say the federal government obtained its evidence illegally.
According to a Kansas City Business Journal report from December 2013, a federal grand jury indicted Womack for allegedly using foreign trusts and secret bank accounts in the Cayman Islands to avoid paying income taxes.
The tax loss figures allegedly amounted to about $7 million. If Womack had been found guilty of the original charges for which she was indicted, she could have spent 48 years in prison.
Womack pledged $2 million to the University of Kansas back in 2002 to help build a stadium for the women’s softball team.