Dean Britton, Tax Evasion, Pennsylvania 2020

Local Businessman Pleads Guilty to Tax Evasion

A notorious case of tax evasion has come to light in Pennsylvania, with a New York City businessman being held accountable for his actions. Dean Britton, a respected figure in the real estate industry, has pleaded guilty to tax evasion, a serious crime that carries significant penalties.

According to court documents and statements made in court, Britton worked in the high-stakes world of New York City real estate, negotiating commercial ground leases worth millions of dollars. However, instead of paying his fair share of taxes, Britton employed a series of schemes to evade his obligations, including placing the title to his personal residence in a nominee name and using business bank accounts to fund his personal expenses.

The extent of Britton's tax evasion was staggering, with him failing to pay over $1.1 million in outstanding taxes from 2013 to 2017. During this period, he spent an astonishing $1.46 million on personal expenses, including $770,000 on real estate purchases, $240,000 in home rentals, $96,000 in home renovations, $74,000 in travel, $65,000 in country club expenses, and $50,000 in private school tuition.

Britton's scheme was eventually uncovered by the IRS, which had been monitoring his activities and had already levied his account before he attempted to cover his tracks. The defendant will now face the consequences of his actions, with U.S. District Judge Nora Fischer setting a sentencing date for November 5, 2020.

At sentencing, Britton faces a maximum sentence of five years in prison, as well as a period of supervised release, restitution, and significant monetary penalties. This case serves as a stark reminder of the importance of tax compliance and the severe consequences that await those who choose to evade their obligations.

The tax evasion charges against Britton are a serious offense, punishable by up to five years in prison. The defendant's guilty plea is a significant step towards justice being served in this case.

The investigation into Britton's tax evasion was conducted by the IRS-Criminal Investigation unit, with the case being prosecuted by Trial Attorney Kimberly Ang of the Tax Division and Assistant U.S. Attorney Carolyn Bloch. The Tax Division's enforcement efforts have been widely commended for their tireless work in ensuring that individuals and corporations pay their fair share of taxes.

Additional information about the Tax Division and its enforcement efforts can be found on the Division's website.

Source: https://www.justice.gov/archives/opa/pr/new-york-city-businessman-pleads-guilty-tax-evasion