Amarillo Man Indicted on Tax Crimes
A federal grand jury has indicted Randy L. Edwards, a resident of Amarillo, on three counts of making and subscribing a false return, statement, or other document.
Edwards made his initial appearance in federal court in Amarillo before U.S. Magistrate Judge Clinton E. Averitte.
The indictment alleges that Edwards did willfully make, subscribe, and file tax year 2007, 2008, and 2009 Individual Income Tax Returns that failed to report his true income for each tax year.
In the return for tax year 2007, Edwards stated that tax year 2007 gross receipts income, specifically Schedule C, Line 1, was $702,104, when he well knew, that he failed to report all of his business gross receipts for that year totaling approximately $801,155.
In the return for tax year 2008, Edwards stated that tax year 2008 gross receipts income, specifically Schedule C, Line 1, was $835,604, when he well knew, that he failed to report all of his business gross receipts for that year totaling approximately $1,208,878.
In the return for tax year 2009, Edwards stated that tax year 2009 gross receipts income, specifically Schedule C, Line 1, was $728,861, when he well knew, that he failed to report all of his business gross receipts for that tax year totaling approximately $1,135,859.
A federal indictment is an accusation by a federal grand jury, and a defendant is entitled to the presumption of innocence unless proven guilty. Upon conviction, however, the maximum statutory penalty for each count is three years in federal prison and a $250,000 fine.
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Key Facts
- State: Texas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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