Publication:
A federal court in Cincinnati, Ohio recently sentenced a man from Atlanta, Georgia to 57 months in prison for tax evasion. This rate included an improvement for the failure to report drug trafficking revenues.
According to court documents and testimony in court, Darryl Brown made at least $ 1 million from at least 2011 through 2016. In order to avoid paying taxes on this income, Brown filed no declarations. He set up nominee companies, opened bank accounts and lines of credit on their behalf, and then used the accounts to pay for his luxury lifestyle. These included extravagant overseas trips, Rolex and Cartier watches, as well as luxury clothing and vehicles. Brown continued to use cash to buy money orders in structured amounts to avoid triggering reporting to the Treasury Department and the IRS. Brown then used the money orders to settle the balances on his nominee accounts. Overall, Brown caused a tax loss of more than $ 250,000.
South Ohio District Judge Timothy S. Black also ordered Brown to serve three years of supervised release and pay $ 377,240 in compensation to the IRS.
This was announced by Assistant Assistant Attorney General Stuart M. Goldberg of the Department of Justice’s Tax Department and acting US Attorney Vipal J. Patel of the Southern District of Ohio.
The investigation was conducted by the IRS Criminal Investigation and local law enforcement agencies.
Tax trial attorneys Sarah C. Ranney and William Guappone continued the case, and Chief Detective Karl Kadon of the Southern District of Ohio provided significant assistance on the matter.
For more information about the tax department and their enforcement efforts, please visit the department’s pages website.