Brian Davison, a Tampa businessman, 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, who also ordered Davison to pay restitution to the Internal Revenue Service in the amount of $6,293,592.
The tax loss to the United States, resulting from Davison’s willful underreporting of his income, totaled $6,293,592. Davison pleaded guilty to the charges on March 24, 2025, and has been held accountable for his actions.
According to court documents, Davison was the co-founder and former CEO of Equialt, LLC, a Tampa-based real estate investment firm. The firm was placed into judicial receivership following a U.S. Securities and Exchange Commission complaint in February 2020. Between October 2018 and December 2020, Davison caused multiple personal tax returns to be filed, which underreported his income from Equialt, LLC and other business entities by at least $29.7 million.
The investigation into Davison’s activities was conducted by the Internal Revenue Service – Criminal Investigation, in conjunction with the Federal Bureau of Investigation – Tampa. The case was prosecuted by Assistant United States Attorney Adam J. Duso, who worked to ensure that justice was served.
Davison’s sentence serves as a reminder that tax fraud will not be tolerated and that those who engage in such activities will be held accountable. The Internal Revenue Service and other law enforcement agencies will continue to work together to identify and prosecute individuals who attempt to cheat the system.
In addition to his prison sentence, Davison will also be required to pay restitution to the Internal Revenue Service in the amount of $6,293,592. This payment will help to offset the tax loss to the United States resulting from Davison’s actions. The case against Davison demonstrates the commitment of law enforcement agencies to protecting the integrity of the tax system and ensuring that all individuals pay their fair share.
The sentence handed down to Davison is a significant one, and it serves as a warning to others who may be considering engaging in similar activities. Tax fraud is a serious crime that can result in significant financial penalties and imprisonment. The Internal Revenue Service and other law enforcement agencies will continue to work together to identify and prosecute those who engage in such activities, and to protect the integrity of the tax system.
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Key Facts
- State: Florida
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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