Nicholson, who had been described in area press as a "major Hattiesburg player”, was accused of classifying a client’s personal expenses as business expenses from 2012 through 2014, including a $250,000 payment to a client’s personal trust.
He also was found guilty of claiming fake expenses for his own 1040 returns for 2012 through 2015, failing to report income and under-reporting the gain on the sale of his accounting firm Nicholson & Company.
Nicholson faces a maximum of five years in prison for the conspiracy charge and three years for each charge of filing false tax returns and aiding in the preparation of false tax returns.