
LITTLE ROCK RESIDENT CHARGED WITH INCOME TAX EVASION
Little Rock - U. S. Attorney Christopher R. Thyer announced the indictment of David Patrick Henry, Sr., age 69, of Little Rock, Arkansas. Henry was charged with three counts of income tax evasion. If convicted, Henry faces a maximum penalty of 15 years in prison and a fine of $750,000.
According to the indictment, Henry filed joint federal income tax returns with his spouse for calendar years 2005, 2006, and 2007 that failed to report all his taxable income and tax due and owing. The indictment alleges that for 2005, Henry reported that his taxable income was $0 and tax due and owing was $0, when he knew his actual taxable income for that year was $400,063, resulting in tax due and owing of $114,085. For 2006, the indictment states that Henry reported taxable income of $1,037 when he actually had $55,871 in taxable income for that year, resulting in $7,626 in tax due and owing. The indictment further alleges that Henry filed his 2007 return reflecting taxable income of $1,199, when he knew his actual taxable income was $81,211 for that calendar year, resulting in $13,154 in tax due and owing.
This investigation was conducted by IRS Criminal Investigation and the Little Rock Field Office of the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorney Angela Jegley.
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.