Fifth Ohio Businessman Associated with Cadillac Ranch Restaurants Sentenced for Tax Evasion
A Marion, Ohio, man was sentenced yesterday in U.S. District Court for the Southern District of Ohio to serve 12 months and one day in prison, the Justice Department and Internal Revenue Service (IRS) announced.
Joel Field, 58, was also sentenced to serve four months in a halfway house and four months of home confinement, to pay $349,778 in restitution and a $4,000 fine, and to serve three years of supervised release by U.S. District Judge Edmund A. Sargus Jr. Field pleaded guilty to tax evasion in May.
Field was one of four businessmen involved in the development, operation and ownership of primarily Cadillac Ranch restaurants in Ohio and elsewhere. Field’s brother, Jon B. Field, of Dublin, Ohio, and his accountant, Larry Couchot, of Dayton, were sentenced to prison by Judge Sargus for their tax crimes earlier this year.
In May 2014, Field pleaded guilty to evading payment of his federal income taxes for the years 1997 through 2001. According to court documents, when the IRS attempted to collect the outstanding amount of taxes owed by Field, which was in excess of $140,000, Field misled the IRS by failing to report assets and income and by submitting false information regarding foreclosure proceedings. Further, according to documents filed with the court, Field transferred assets in an effort to conceal those assets from the IRS. Field also filed false federal income tax returns for the years 2006 through 2009 wherein he failed to report over $620,000 in income that he earned through his companies.
The case was investigated by the IRS-Criminal Investigation and is being handled by Trial Attorney Richard M. Rolwing for the Justice Department’s Tax Division.
Additional information about the Tax Division and its enforcement efforts may be found on the division’s website. Additional information about tax fraud schemes to watch out for may be found on the IRS-Criminal Investigation website.