Brian Davison, Tax Evasion, Florida 2025

Tampa Businessman Sentenced to 3 Years in Prison for Tax Evasion

Brian Davison, the co-founder and former CEO of Equialt, LLC, a Tampa-based real estate investment firm, has been sentenced to three years in federal prison for making false and fraudulent statements on tax returns.

The sentence was handed down by U.S. District Judge Mary S. Scriven on March 24, 2025.

Davison's crimes occurred between October 2018 and December 2020, during which time he caused multiple personal tax returns to be filed that underreported his income from Equialt, LLC and other business entities by at least $29.7 million.

This willful underreporting resulted in a tax loss to the United States of $6,293,592, for which Davison was ordered to pay restitution.

The case was investigated by the Internal Revenue Service – Criminal Investigation, in conjunction with the Federal Bureau of Investigation – Tampa.

Assistant United States Attorney Adam J. Duso prosecuted the case against Davison.

Davison's company, Equialt, LLC, was placed into judicial receivership following a U.S. Securities and Exchange Commission complaint in February 2020.

The judge's sentence also included a restitution order to the Internal Revenue Service in the amount of $6,293,592, the amount of tax loss to the United States.

Brian Davison pleaded guilty to the charges on March 24, 2025.

This is a developing story. Check back for updates.

Source: https://www.justice.gov/usao-mdfl/pr/tampa-businessman-sentenced-three-years-prison-fraudulent-tax-returns