HOLDEN MAN INDICTED FOR TAX EVASION
BOSTON, Mass. - A federal grand jury indicted a Holden man today for tax evasion.
According to the indictment DAVID L. TOPPIN, 45, the sole owner and operator of Pelletizer Group, Inc., did not file federal income tax returns for 1997-1999 until 2006. In the returns, TOPPIN allegedly admitted earning total adjusted gross income of $727,701, and owing $227,199 in federal income taxes, for 1997-1999. It is alleged that TOPPIN took steps to impede the Internal Revenue Service’s collection of his income tax by, among other things, placing real estate and checking accounts in his wife’s name and misleading the IRS about the extent of his assets and income.
If convicted on these charges, TOPPIN faces up to five years imprisonment, to be followed by three years of supervised release and a $100,000 fine.
United States Attorney Carmen M. Ortiz and William Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston, made the announcement today. The case is being prosecuted by Assistant U.S. Attorney Christine J. Wichers of Ortiz’s Economic Crimes Unit.
The details contained in the indictment are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
Receive information regarding those charged in the Boston Marathon bombing cases.
Giving Back to the Community through a variety of venues & initiatives.
Financial Fraud Enforcement Task Force
Making sure that victims of federal crimes are treated with compassion, fairness and respect.
Stay Connected: Visit us on Twitter