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Justice News

Department of Justice
U.S. Attorney’s Office
Northern District of New York

Tuesday, June 4, 2013

Jamesville Man Enters Guilty Plea To False Tax Return

RICHARD S. HARTUNIAN, United States Attorney, Northern District of New York announces that LLOYD F. MARTIN, JR., (68, of Jamesville, NY) entered a guilty plea to the felony offense of subscription of a false income tax return, in violation of Title 26, United States Code, Section 7206(1). The defendant is facing a statutory maximum sentence of 3 years imprisonment, a maximum fine of $250,000.00 and restitution to the IRS in the amount of $184,655.00. MARTIN is scheduled to be sentenced on October 13, 2013, before the Honorable Frederick J. Scullin.

During the plea hearing on June 4, 2013, MARTIN admitted the following. From 2006 through 2008, MARTIN was the president of a commercial construction company named Henderson-Johnson Co., Inc., located in Syracuse, New York. During that time, MARTIN realized income in the approximate amount of $657,640.57 from Henderson-Johnson over and above the income he reported on his personal federal income tax returns. Specifically, MARTIN received income from Henderson-Johnson in the form of payments toward personal expenses, such as the purchase and maintenance of a jet airplane. MARTIN failed to include $255,645.99 as income on his 2006 personal federal tax return, $241,892.78 as income on his 2007 personal federal tax return, and $160,101.80 as income on his 2008 personal federal tax return. Each of these returns were made and signed by him under penalty of perjury. MARTIN knew these tax returns were false because each substantially under reported his income and tax liability for that year. The foregoing resulted in a tax deficiency to the IRS totaling $184,655.00.

This prosecution resulted from an investigation conducted by the Internal Revenue Service, Criminal Investigations, Syracuse, New York. The case was prosecuted by Assistant United States Attorney Ransom P. Reynolds. Further questions may be directed to Executive Assistant U.S. Attorney John Duncan at (315) 448-0672.

Updated January 29, 2015