East Lyme Resident Charged with Filing False Tax Returns
Deirdre M. Daly, United States Attorney for the District of Connecticut, and Joel P. Garland, Special Agent in Charge of IRS Criminal Investigation in New England, announced that on December 7, 2016, a federal grand jury in New Haven returned an indictment charging REGAN TIPPETT, 41, of East Lyme, with filing false tax returns.
According to the indictment and statements made in court, TIPPETT is a partner in the bails bonds company, Statewide Bail Bonds. It is alleged that, for the 2009 through 2012 tax years, TIPPETT failed to report approximately $260,000 in taxable income that was derived from bail bond fees.
The indictment charges TIPPETT with four counts of filing a false tax return, an offense that carries a maximum term of imprisonment three years on each count.
TIPPETT appeared today before U.S. Magistrate Judge Sarah A. L. Merriam in New Haven and pleaded not guilty to the charges. He was released on a $50,000 bond.
U.S. Attorney Daly stressed that an indictment is not evidence of guilt. Charges are only allegations and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.
This matter has been investigated by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney Douglas P. Morabito.