Sheets Plead Guilty, Headed to Prison

Posted by    |    September 22nd, 2010 at 10:40 am

While you were away on summer vacation, one of Dallas’ high-flying real estate couples was having a much harder time. Nicky Sheets was sentenced to 40 months in federal prison for tax evasion, and he was ordered to repay $2.4 million in back income taxes and penalties. His wife Eleanor Mowery Sheets pleaded guilty in July and faces up to four years in federal prison and at least $400,000 in fines. Her sentencing will be next month on October 12. Their $1.3 million Preston Hollow home was seized by the IRS this summer.

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