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JEFFREY P. HUNLEY
April 29, 2002
Stephen B. Pence, United States Attorney for the Western District of Kentucky, announced today that JEFFREY P. HUNLEY of Albany, Kentucky, pled guilty to tax evasion and filing false tax returns.
The maximum potential penalties, if convicted, are 24 years imprisonment, a $1,500,000.00 fine, and 3 years supervised release.
Hunley admitted that between January 22, 1993, and April 15, 1997, he filed false federal tax returns for calendar years 1994, 1995, and 1996. Hunley had owned and operated Hunley Oil, Inc., in Albany, Kentucky, but on January 22, 1993, a new company was incorporated under the name Hunley Gas. Hunley's father was listed as president of Hunley Gas, so the income would not be attributed to Hunley who would receive income in cash from receipts of Hunley Gas which were not reported to the Internal Revenue Service on his federal tax returns for the calendar years 1994, 1995, and 1996. Hunley would use the cash to purchase cashier's checks, which he would use to purchase property and pay personal expenses.
The case was prosecuted by Assistant United States Attorney Kent Wicker and was investigated by the Internal Revenue Service, Criminal Investigation.
The plea was entered before Joseph H. McKinley, Jr., Judge, United States District Court, Bowling Green, Kentucky.
Hunley is scheduled to be sentenced before Judge McKinley on July 31, 2002, at 10:00 a.m., in Bowling Green, Kentucky.
SBP:KW:rlb:010429
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