Jackson, TN - Daniel and Lori Gray, of Friendship, Tennessee, have been charged with two counts of income tax evasion on February 16, 2010 announced Lawrence J. Laurenzi, United States Attorney for the Western District of Tennessee. Each faces a maximum penalty of 5 years in prison and a fine of $250,000 on each count, if convicted. Both defendants turned themselves in today and had their initial appearance in federal court.  Their next scheduled court date is for Arraignment on March 1, 2010.

According to the indictment, Daniel and Lori Gray filed joint tax returns for 2003 and 2004 with the Internal Revenue Service (IRS).  These returns claimed negative taxable income of $9,918 and $6,888 for 2003 and 2004, respectively.  The indictment alleges that when they filed these returns they knew and believed that their taxable income for those years was substantially in excess of the amount they declared on their returns.  

This investigation was conducted by IRS Criminal Investigation. Assistant U.S. Attorney Leigh Grinalds is handling the case for the government.

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Note:  An indictment is a form of accusation and is not evidence of guilt. The defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

 

 

 

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