Published: Dec 05, 2012 4:48 PM EST

CHARLOTTE COUNTY, Fla.- Peter Hesser, 51, of Port Charlotte, was found guilty of three counts of filing fraudulent tax returns and one count of tax evasion on Wednesday.

Hesser was indicted on October 3. According to testimony presented at trial, Hesser filed fraudulent documents with the IRS in which he claimed to be owed a refund for tax years 2005, 2006 and 2007, in the amount of $500,000. These documents were not legitimate and were prepared with the sole purpose of defrauding the government.

Also, to avoid paying taxes, Hesser converted his assets into gold and silver, and hid his mortgage payments in a bogus land transfer.

This pattern of deceit stretched over a decade, thereby allowing Hesser to evade the payment of taxes that had been assessed for tax years 2001, 2002 and 2003.