Brent Derouen, a 37-year-old Webster man, was found guilty of two misdemeanor counts of failing to file federal income tax returns. The charges carry a maximum penalty of one year in prison and a $100,000 fine.
The charges stem from Derouen’s operation of a stock promotion business, OTC Advisors LLC. In 2009 and 2010, the defendant earned income of approximately $181,000 and $390,000, respectively.
Derouen knew he was obligated to report this income to the Internal Revenue Service, and pay taxes on it, but deliberately failed to do so.
As a result, the defendant has agreed to pay more than $460,000 to the United States for taxes he owes, plus penalties and interest on the unpaid taxes.
The plea is the result of an investigation by Special Agents of the Internal Revenue Service, Criminal Investigation Division, under the direction of Shantelle P. Kitchen, Special Agent in Charge.
Sentencing is scheduled for July 11, 2016, at 9:30 a.m. before Judge Jonathan W. Feldman.
Brent Derouen, a Webster man, pleaded guilty to failing to report more than $571,000 in income to the IRS. He operated a stock promotion business, OTC Advisors LLC, and earned income of $181,000 and $390,000 in 2009 and 2010, respectively.
The charges carry a maximum penalty of one year in prison and a $100,000 fine. Derouen has agreed to pay more than $460,000 to the United States for taxes he owes, plus penalties and interest on the unpaid taxes.
Related Federal Cases
- David B. Schmitt, Tax Evasion, New York 2024 · Pennsylvania
- Morris Zuckerman, Tax Evasion, New York 2016 · Washington
- Marc A. Seedorf, Tax Evasion, New York 2024 · Massachusetts
- Frank J. Picone, Tax Evasion, WV, 2023 · Washington
- Samuel Gentle, Tax Return Obstruction, New York 2014 · Texas
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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