New Port Richey Man Sentenced For Tax Evasion

Tampa, Florida – U.S. District Judge Virginia M. Hernandez Covington today sentenced Steven Staltare to three years and one month in federal prison for tax evasion. The Court also ordered restitution to the Internal Revenue Service in the amount of $1,689,248. Staltare pleaded guilty on December 16, 2014.

According to court documents, Staltare was a securities broker and evaded paying taxes on income that he had earned during tax years 1999 through 2009. During the same time period that he failed to report and pay taxes on his income, he enjoyed a lavish lifestyle and diverted money from his business for gambling and personal expenses.   

This case was investigated by the Internal Revenue Service-Criminal Investigation. It was being prosecuted by Assistant United States Attorney Jay L. Hoffer.