Owner of Electrical Contracting Firms Received Two Year Prison Sentence For Tax Fraud
Joseph White, 48, of Newtown Pennsylvania was sentenced today to a 2-year term of imprisonment and ordered to pay $1.2 million in restitution by United States District Court Judge Gerald A. McHugh. The sentence arose from Joseph White’s guilty plea to a Criminal Information which charged him with willfully attempting to evade the payment of taxes announced Acting United States Attorney Louis D. Lappen.
According to the Criminal Information, Joseph White was the owner of PCE Electric Corporation and Thomas Edison Electric Corporation, located in Southampton, Pennsylvania from 2000 through 2011. The Criminal Information further charged that Joseph White diverted funds from his two corporations which he used for personal consumption without accounting, for tax purposes, for the income that he had diverted from his two corporations.
In addition to engaging in a corporate diversion scheme, the Criminal Information further charged that Joseph White registered the title to multiple vehicles that he purchased in the name of HAPPE, a partnership that he formed and registered with the Nevada Secretary of State. In addition to imposing a prison sentence up Joseph White, Judge McHugh ordered White to attend Gamblers Anonymous after he is released from prison while serving a period of supervised release.
“This sentence should send a clear message; schemes to evade the payment of taxes are a violation of the Federal Tax laws and the consequences of such schemes can and will result in jail time.” said Gregory Floyd, Acting Special Agent in Charge IRS Criminal Investigation, Philadelphia Field Office.
The case was investigated by the Internal Revenue Service’s Criminal Investigation Division Philadelphia Field and was prosecuted by Assistant United States Attorney Floyd J. Miller