It’s been a busy week for the scofflaws.
First up is a dentist from Florence, South Carolina. He is alleged to have added about $1 million in false expenses and loans to his tax returns. If convicted, he faces a maximum fine of $1 million plus 14 years in prison. It’s great if you can get away with it….
Meanwhile, another dentist will find himself behind bars. Burton Tucker, of Waynesboro, PA, used offshore trusts to evade about $520,000 in taxes. He’ll be making restitution and will spend one year at Club Fed; the government noted that he’s cooperating in an ongoing investigation of trusts. It’s just been a bad week for dentists, I suppose….
In New jersey, a judge cited that a jeweler has “appalling greed.” Licinio Neves, owner of a three-store jewelry chain, will spend up to 6.5 months in Club Fed for his tax evasion, and must make restitution of $470,000. He kept two sets of books, and didn’t report the cash sales from his stores in 2001.
Not bad for just a couple of days.