A Florida man had his initial appearance in court yesterday after being arrested on an indictment charging him with filing false tax returns with the Internal Revenue Service, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Ariana Fajardo Orshan for the Southern District of Florida.
According to the indictment, Joseph J. Ferry III, owned Ferry Enterprises Inc., a residential and commercial landscaping business serving customers in Martin and Saint Lucie County. Ferry Enterprises also provided landscaping services for Martin County and the City of Port Saint Lucie.
Ferry was charged with five counts of filing false corporate income tax returns and five counts of filing false individual income tax returns with the Internal Revenue Service (IRS) that fraudulently understated the total income earned by Ferry Enterprises - and Ferry himself - for tax years 2012 through 2016. The indictment alleges that business income was deposited into corporate bank accounts; however, Ferry allegedly used money from the business bank accounts to pay his personal expenses, including payments on his personal mortgage and loans, purchases of firearms, home renovations, and jewelry. Ferry also allegedly withdrew more than $2.9 million in cash from the corporation’s bank accounts.
If convicted, Ferry faces a maximum sentence of three years in prison for each count of filing a false tax return with the IRS. He also faces substantial monetary penalties and restitution.
An indictment merely alleges that a crime has been committed, and the defendant is presumed innocent until proven guilty beyond a reasonable doubt.
Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Fajardo Orshan commended special agents of IRS Criminal Investigation, who investigated the case, and Trial Attorneys Allison J. Garnett and Sean Beaty of the Tax Division, who are prosecuting the case.
Free Consultation We Solve Tax and Insurance Problems. To speak with an experienced Federal Tax Practitioner and Attorney call (212) 974-3435 or contact us online. Don't delay another day. Meet with us personally in our conveniently located New York City office.
Restaurants We specialize in unpaid sales taxes, installment agreements, audit representation and all Department of Labor issues. *Ask us about Debt Restructuring, including settling judgments, renegotiating bank loans and merchant cash advances ("MCA"). For immediate assistance call (212) 974-3435 or contact us online.
Contractors We specialize in payroll and withholding taxes, installment agreements, audit representation and Workers Compensation insurance audits. To schedule a free consultation call (212) 974-3435 or contact us online.
Businesses We settle and restructure business debts, including MCA's, judgments and most insurance claims. To meet with us personally call (212) 974-3435 or contact us online.
Count On Us. Guaranteed.
✔ Same day and emergency appointments available.
✔ We negotiate excellent re-payment plans with IRS and State.
✔ Missing tax returns prepared and filed in 48 hours, guaranteed.
No comments:
Post a Comment