A former manager for the Grateful Dead has been sentenced to five years in federal prison for tax evasion.Ronald Leon Rakow, 69, was ordered to begin his prison term in June for evading payment of $2.2 million in taxes owed to the Internal Revenue Service, the U.S. attorney's office said.
Rakow was convicted in July on a single count of tax evasion. During his two-week trial, prosecutors presented evidence showing Rakow hid his assets to prevent the IRS from collecting taxes dating back to 1985 -- a few years before he served a year in prison on a felony count of mail fraud. Rakow was part of a scheme that convinced more than 27,000 to collectively invest $80 million in a milk-culture growing business that authorites said amounted to a pyramid scheme.
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