U.S. Department of Justice United States Attorney Northern District of California
11th Floor, Federal Building 450 Golden Gate Avenue, Box 36055 San Francisco, California  94102 FOR IMMEDIATE RELEASE	Tel: (415) 436-7200 Fax: (415) 436-7234

April 15, 2002 The United States Attorney's Office for the Northern District of California announced that Jane Yip, 41, was arrested today by IRS Special Agents at her Fremont, California residence.  Ms. Yip was indicted on April 11, 2002 by a federal grand jury on two counts of filing false federal income tax returns for 1995 and 1996, in violation of Title 26 U.S. Code, Section 7206(1).  According to the indictment,  Jane Yip, also known as Jianglin Changcheng, is alleged to have filed a false return with the IRS for 1995, in which she reported receipts from  her business, Micro Access Computer, of $867,228 when she knew that the year's receipts exceeded that amount.  Also, Mrs. Yip claimed a tax liability for 1995 of $3,895, when she well knew that it was in excess of that amount.  The indictment also charges that Ms. Yip is alleged to have filed a false return with the IRS for 1996, in which she reported receipts of $816,617 from her business, when she knew that the actual amount was in excess of that.  It also alleges Mrs. Yip claimed a tax liability for 1996 of $7,700, when she knew that she really owed more.  The maximum statutory penalty for each count in violation of Title 26 Section 7206(1) is 3 years and a fine of $100,000, plus the costs of prosecution.  However, any sentence following conviction would be dictated by the Federal Sentencing Guidelines, which take into account a number of factors, and would be imposed in the discretion of the Court.  An indictment simply contains allegations against an individual and, as with all defendants, Ms. Yip must be presumed innocent unless and until convicted. Ms. Yip is scheduled to make her initial appearance in federal court tomorrow, April 16, 2002, at 10 a.m. in federal court in Oakland before Magistrate Judge Wayne D. Brazil. The prosecution is the result of an extensive investigation by agents of the Internal Revenue Service, Criminal Investigation division. AUSA Mark Zanides is the Assistant U.S. Attorney who is prosecuting the case with the assistance of Noble Hughes. A copy of this press release may also be found on the U.S. Attorney's Office website at http://www.usdoj.gov/usao/can. All press inquiries to the U.S. Attorney's Office should be directed to Assistant U.S. Attorney Matthew J. Jacobs at (415)436-7181.