Bail Bondsman Pleads Guilty to Federal Tax Offenses

John H. Durham, United States Attorney for the District of Connecticut, and Kristina O’Connell, Special Agent in Charge of IRS Criminal Investigation in New England, announced that REGAN TIPPETT, 43, of East Lyme, pleaded guilty today before U.S. District Judge Janet C. Hall in New Haven to federal tax offenses.

According to court documents and statements made in court, Tippett is a partner in the bails bonds company, Statewide Bail Bonds.  For the 2010 through 2012 tax years, Tippett deposited income derived from bail bond fees into his personal bank account and failed to report that income to the company’s outside accountant who prepared both the company’s and Tippett’s federal income tax returns.  As a result, Tippett underpaid his federal income taxes by a total of $69,837.

Tippett pleaded guilty to two counts of willful failure to keep tax records.  Judge Hall scheduled sentencing for January 18, 2019, at which time Tippett faces a maximum term of imprisonment of two years.

Tippett is released on a $50,000 bond pending sentencing.

This matter has been investigated by the Internal Revenue Service, Criminal Investigation Division.  The case is being prosecuted by Assistant U.S. Attorneys Douglas P. Morabito and Christopher W. Schmeisser.