Ocala Man Sentenced To Prison For Tax Fraud
Orlando, Florida - U.S. District Judge Anne C. Conway sentenced Daniel Thomas, Jr. (44, Ocala) today to 30 months in federal prison for attempting to evade a federal income tax. The court also ordered him to pay $334,742.82 in restitution and to serve a 3-year term of supervised release. Thomas pled guilty on May 10, 2012.
According to court documents, Thomas operated “Key Business Solutions” and “Payroll Advisors,” in Ocala, under “Dan Thomas, Inc.” Between 2007 and 2009, Thomas defrauded his clients of funds they owed to the IRS as payroll taxes. Thomas embezzled these funds to pay business expenses and to pay his own personal expenses. He also failed to file personal income tax returns for 2007, 2008, and 2009.
To facilitate the scheme, Thomas used funds from some of his clients, which were intended to pay those clients' own payroll taxes, to pay the taxes, interest, and penalties of other clients that had discovered the non-payment of their own assigned taxes. In total, Thomas diverted $852,036.94 from seven different Ocala companies. He failed to pay $45,533.00 in his personal taxes. The total amount attributed to his fraud scheme is $897,569.94.
This case was investigated by the Internal Revenue Service Criminal Investigation. It was prosecuted by Assistant United States Attorney Shawn P. Napier.