DENVER – The Colorado Attorney General’s Office announced today the Statewide Grand Jury has indicted Terry Paul Dorman (DOB: 3/24/1946) on a series of felonies for his role in a fraudulent tax preparation, securities fraud and theft scheme.
Attorney General John Suthers said Dorman’s indictment covers 29 counts, including tax evasion, preparing false tax returns, failure to pay over taxes, securities fraud, theft, forgery, identity theft, theft from an at-risk adult and computer crime.
Attorneys for the state sought the indictment after criminal investigators from the Colorado Department of Revenue and detectives from the Lone Tree Police Department, working in conjunction with analysts from the Colorado Bureau of Investigation, discovered Dorman’s activity.
According to the indictment Dorman held himself out as a restaurateur and claimed to be a certified public accountant and tax lawyer starting in the fall of 2005. Under that guise, Dorman obtained access to multiple people’s personal identifying information, including their names, birth dates, drivers’ licenses and social security numbers. Once he had this information, Dorman fraudulently opened various lines of credit with different financial institutions and even fraudulently entered into a leasing agreement. The indictment states that Dorman’s criminal schemes were oriented toward the goal of opening a restaurant in Lone Tree.
The indictment also alleges that Dorman falsely prepared individual income taxes and then tried to convince his clientele their refunds should be invested in his company. Mr. Dorman also is alleged to have committed securities fraud by attempting to convince his clientele and others to invest in his restaurant, by making material false representations about his education, training and experience, the amount of capital his company possessed and by falsely naming partners involved in his investment group.
Dorman is awaiting extradition. His first appearance will be in Douglas County District Court.