CLEVELAND – Convicted Ohio trucking CEO Alice F. Martin, 59, of Louisville, Ohio, has been charged with tax evasion after attempting to deceive the IRS out of $1.2 million in taxes from 2013 to 2018.
According to the indictment, Alice F. Martin set forth a plan to phase out Martin Logistics, a trucking company she owned and operated, after it became burdened with tax debt in 2013. She directed one of her employees to open a new company, TSA Transportation, which would serve as Martin’s nominee trucking business.
Beginning January 2013, contracts for trucking services were primarily bid under TSA Transportation’s name, but the income TSA Transportation received was directly deposited into a bank account for another entity that Martin owned and controlled, A.F. Martin. In addition, Martin placed Martin Logistics’ assets, including trucks and trailers, into the name of yet another Martin-owned company, Martin Global.
From around 2013 to 2018, Martin directed approximately $18 million in gross receipts associated with TSA Transportation contracts to be deposited into the A.F. Martin banking account. Despite this, Martin regularly failed to file individual and corporate tax returns related to her trucking entities or and failed to pay the taxes on her income.
Alice F. Martin received over $3.6 million in unreported taxable income resulting in her evading the IRS’s assessment of approximately $1.2 million in taxes due between 2013 and 2018.
An indictment is only a charge and not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.
The investigation was conducted by the IRS-Criminal Investigations. The case is being prosecuted by Assistant United States Attorney Edward Brydle.
Key Facts
- State: Ohio
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
White Collar CrimeWhite Collar CrimeWhite Collar CrimeWhite Collar Crime