Mount Pleasant Woman Pleads Guilty to Tax Fraud
Contact Person: Matt Austin (843) 727-4381
Columbia, South Carolina ---- United States Attorney Beth Drake stated today that Cynthia Cave, age 46, of Mount Pleasant, pled guilty in federal court in Charleston, South Carolina, to three counts of Filing a False Tax Return, corresponding to tax years 2009-2011, in violation of 26 U.S.C. 7206(1). United States District Judge Richard M. Gergel, of Charleston, presided over the guilty plea and will impose sentence after he has reviewed the presentence report which will be prepared by the U.S. Probation Office.
Evidence presented in the case, which was collected through a joint investigation by agents of the IRS and FBI, established that Cave worked as the officer manager for Coastal Facial Plastic Surgery in Mt. Pleasant. As the office manager, she received various forms of compensation that she did not report to the IRS. In 2009, she underreported her income by at least $55,000. In 2010, she underreported her income by at least $68,000. In 2011, she underreported her income by at least $100,000. As a result, she owes the U.S. Treasury $105,276 in back taxes.
As part of her guilty plea, she also agreed to pay her employer, Dr. Thomas Funcik, $130,457, to settle claims that she received excess compensation.
The case was investigated by agents from the Federal Bureau of Investigation and the Internal Revenue Service. Assistant United States Attorneys Matt Austin of the Charleston office and Winston Holliday of the Columbia office prosecuted the case.