A Wichita man who made hundreds of thousands of dollars from illegal bookmaking pleaded guilty Monday to failing to report the income on his federal income taxes, U.S. Attorney Stephen McAllister said.
Daniel Dreese, 65, Wichita, Kan., pleaded guilty to two counts of making false statements on income tax returns. In his plea, he admitted that in tax year 2011 he received $89,078 from illegal bookmaking, and in tax year 2012 he received $136,985 from illegal bookmaking. He did not report that income.
In addition, he admitted that in 2010, he failed to report $383,684 in income.
In the plea agreement, Dreese agreed to pay $214,540 in restitution.
Sentencing is set for April 23. He faces up to three years in federal prison and a fine up to $100,000 on each count.
McAllister commended the Internal Revenue Service and Assistant U.S. Attorney Aaron Smith for their work on the case.
Dreese’s guilty plea is a significant blow to his financial freedom, and his actions serve as a reminder of the importance of reporting all income to the IRS. The case is a testament to the tireless efforts of law enforcement and prosecutors in bringing criminals to justice.
The case is a reminder that tax evasion will not be tolerated, and those who attempt to cheat the system will be held accountable. The public can rest assured that the IRS and other law enforcement agencies will continue to work tirelessly to identify and prosecute those who engage in tax evasion and other financial crimes.
Key Facts
- State: Kansas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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