BREAKING NEWS UPDATE
Douglas Bruce was sentenced Monday to 180 days in jail and six years probation for tax evasion.
Bruce will appeal, but the probation goes into effect immediately.
Judge Anne Maansfield first delivered the probation term and then added 180 days in Denver County jail. Bruce is required to report to jail Feb. 17 for a pair of 90 day sentences, meaning six months in jail.
As part of his probation, Bruce will be required to disclose all financial transactions to his probation officer.
The list of requirements of the probation is about 20 long, one that includes therapy.
The judge ordered Bruce to pay the cost of the prosecution, but did not set a specific amount.
He could have been sentenced to 12 years in prison and have been fined as much as $750,000.
The investigation into Bruce’s financial dealings is outlined heavily in an April 2011 indictment against him. It details four charges: tax evasion, attempting to influence a public official, failing to file a tax return, and filing a false tax return. The charges in the indictment are based on the Department of Revenue’s findings that Bruce lied in 2009 about his taxes, that he didn’t disclose income from a real estate deal, and interest he earned on $2 million he “loaned” to Active Citizens Together, a non-profit he founded in 2001. Essentially, Bruce tried to route money illegally through ACT, to avoid paying taxes, the indictment said.