ALBUQUERQUE – David Castle, 75, of Albuquerque, N.M., was arraigned yesterday in federal court on an indictment charging him with obstructing the administration of the internal revenue laws and tax evasion.
Castle entered a not guilty plea to the indictment and was released on pretrial supervision and other conditions of release pending trial, which has yet to be scheduled.
The charges against Castle, which arise out of an alleged scheme to evade and defeat the assessment and payment of taxes owed by Castle to the United States from Dec. 2004 through Jan. 2018, were announced by Acting U.S. Attorney James D. Tierney and Special Agent in Charge Ismael Nevarez, Jr., of the Phoenix Field Division of IRS-Criminal Investigation.
According to the indictment, Castle is the owner and operator of the Gold and Silver Exchange (GSE), an Albuquerque-based store that focuses on the sale, purchase and repair of jewelry.
The two-count indictment, which was filed on Feb. 14, 2018, charges Castle with corruptly obstructing and impeding the administration of the internal revenue laws and tax evasion.
Count 1 of the indictment charges Castle with corruptly obstructing and impeding the administration of the internal revenue laws by filing false federal income tax returns between Dec. 2004 and May 2016.
If convicted of the charge in Count 1 of the indictment, Castle faces a maximum statutory penalty of three years of imprisonment.
Count 2 of the indictment alleges that from Dec. 2008 through Dec. 2017, Castle attempted to evade federal taxes for the years 1992-1993, 1995-2002, 2005, and 2006 in the approximate amount of $104,446.81.
If convicted of the charge in Count 2 of the indictment, Castle faces a maximum penalty of five years of imprisonment.
The case was investigated by the Albuquerque office of IRS – Criminal Investigation and is being prosecuted by Assistant U.S. Shaheen P. Torgoley.
Charges in indictments are merely accusations and defendants are presumed innocent unless found guilty beyond a reasonable doubt.
Key Facts
- State: New Mexico
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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