United States Attorney Richard B. Roper
Northern District of Texas

FORMER OWNER OF GIANT SIGN COMPANY IN DALLAS
SENTENCED TO FEDERAL PRISON ON TAX CONVICTION

DALLAS — Dong Choi Kim, the former president of Giant Sign Corporation, was sentenced yesterday by U.S. District Judge David C. Godbey to 12 months and one day in prison for making a false statement on an income tax return, announced U.S. Attorney Richard B. Roper of the Northern District of Texas. Kim pled guilty to the felony offense in July 2008. Judge Godbey ordered that Kim, who, according to Court records, had a Republic of Korea passport, report to the Bureau of Prisons on January 26, 2009.

According to a Google search, Giant Sign Corporation is located on Ables Lane in Dallas. It manufactures exterior commercial signs.

According to the factual resume filed in Court, from 2001 through 2003, Kim would use check cashing stores to cash customers’ checks in order to obtain cash and convert it to his own use, omitting proceeds from the reported gross receipts of his business. As a result of this scheme, Kim was able to avoid the full payment of his taxes based on the true total income derived from his sign business for calendar years 2001, 2002 and 2003.

Kim admitted that he omitted $166,345.23 in income from his 2002 income tax return.

He further admitted that the tax due and payable by him in connection with his offense is $22,142 for tax year 2001; $54,232.23 for tax year 2002; and $4807 for tax year 2003, for a grand total of $81,181.23.

U.S. Attorney Roper praised the investigative efforts of the Internal Revenue Service - Criminal Investigation. Assistant U.S. Attorney Sarah Saldaña prosecuted the case.

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