United States Attorney Paul E. Coggins announced today that a four-count indictment was returned this week by a federal grand jury in Dallas, Texas against Rockwall, Texas residents, Oscar Luther Rager and Monica Ticer Peters. The indictment charges Rager and Peters with willfully attempting to defraud the United States by failing to pay $105,291.21 in owed payroll taxes to the Internal Revenue Service (IRS) for 1994, 1995 and1996.
According to the indictment, during this time frame, Rager and Peters owned a cast stone business named Monicast Stone, L.C. (Monicast) in Rockwall, Texas. The indictment charges that they conspired to defraud the United States by fraudulently transferring certain assets of Monicast, filing bankruptcy on behalf of Monicast, and while carrying on business operations under a different name, keeping the accounts receivable for their own personal use.
If convicted, Oscar Luther Rager, age 46, faces a maximum term of imprisonment of 20 years and a $1,000,000 fine. Monica Ticer Peters, age 36, faces a 10-year maximum term of imprisonment and a $500,000 fine.
United States Attorney Coggins praised the investigative efforts of the IRS - Criminal Investigation as well as the Federal Bureau of Investigation. Assistant United States Attorney Lynn Hastings is prosecuting the case.
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