Posted May 23, 2012 on AP on Fox
Federal prosecutors in New Jersey say a former NFL player admitted that he intentionally failed to file federal income tax returns for several years. William James of Woodland Park faces up to a year in prison and a $100,000 fine after pleading guilty Wednesday to a complaint charging him with willful failure to file tax returns from 2005-09. He's due to be sentenced Sept. 21. The 32-year--old James played for several teams during his 10-year NFL career, including the New York Giants and Philadelphia Eagles. Prosecutors say he earned approximately $9.2 million during the years he didn't file tax returns. During that time, James repeatedly ignored notices from the IRS and warnings from his financial adviser and accountant that he was obligated to pay taxes and file returns.

Ex-Giants CB James facing prison time

Former Giants cornerback William James has pleaded guilty to failing to pay taxes on nearly $10 million in income that he earned during his playing career. According to The Star-Ledger, the 32-year-old, who was known for the early part of his NFL career as William Peterson, faces up to two years in prison and penalties of up to twice what he failed to pay. James admitted in a New...
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