On Oct. 21, 2014, in Baltimore, Maryland, Patrick J. Belzner, aka Patrick McCloskey, of Selbyville, Delaware, was sentenced to 180 months in prison and three years of supervised release on charges of wire fraud conspiracy, wire fraud and tax evasion. Belzner was also ordered to pay $19.805 million in restitution. According to court documents, from the fall of 2009 through August 2011, Belzner, a home builder, worked for a real estate development business known as the McCloskey Group, which was owned by another home builder. During that time, Belzner conspired with others to defraud investors through a fraudulent real estate investment scheme. Belzner also pleaded guilty to evasion of assessed tax payments for funds he stole from his employer in the years 1995, 1996 and 1998. Belzner admitted that between January 2006 and June 2011, he concealed income and assets from the IRS and made no payments on his tax debt through such schemes as placing his residences, other real estate and automobiles in the names of corporations that he formed. In February 2006 and again in January 2009, Belzner submitted forms to the IRS falsely claiming that he did not have sufficient income to make any payments on the assessed back taxes, penalties and interest. The total amount of assessed tax, interest and penalties owed by Belzner as of August 2013 was $2,619,870.