SAN JOSE -- A Saratoga man has pleaded guilty to tax evasion for failing to report nearly $3 million in capital gains over a three-year period.

Jonathan Jianguo Jiang entered the plea Wednesday, according to U.S. Department of Justice. He faces up to five years in prison and a $100,000 fine.

Jiang was director, president and only shareholder of a company named SecureM. In 2004, he sold SecureM to a British company for $8.6 million, and realized capital gains of at least $113,462 during 2004, $195,000 during 2005 and $2,635,575 during 2006, according to the DOJ.

But he failed to report the capital gains on his 2005, 2005 and 2006 federal income taxes, resulting in $467,336 in additional tax due.

Jiang was charged in March, 2012 with one count of willfully attempting to evade taxes for 2004. He pleaded guilty to that charge. Because he regularly travels overseas, he posted a $2 million bond.