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Chandler Man Sentenced to 3 Years in Prison for Tax Evasion
PHOENIX – In a shocking turn of events, U.S. District Judge David G. Campbell has sentenced William ‘Larry’ Dorsey, a 56-year-old Chandler resident, to 36 months in prison and three years of supervised release. The Court also ordered Dorsey to pay a staggering $7.3 million in restitution to the Internal Revenue Service. Dorsey had previously pleaded guilty to tax evasion.
Dorsey, the owner and operator of several professional employment organizations, including Pinnacle Employee Group, Inc. (PEG) and Pinnacle Planning Group, Inc. (PPG), contracted with small business owners to provide payroll services. However, instead of paying the federal employment taxes collected from his clients to the IRS, Dorsey kept a significant portion of the taxes for his own personal use and to fund other business ventures.
To conceal his theft, Dorsey filed false employment tax returns with the IRS, which underreported the taxes due from PEG and PPG. From 2011 through 2014, Dorsey underreported and underpaid approximately $7.3 million in federal employment taxes due and owing by PEG and PPG.
The investigation in this case was conducted by Internal Revenue Service Criminal Investigation. The prosecution was handled by Bridget Minder and Peter Sexton, Assistant United States Attorneys, District of Arizona, Phoenix.
CASE NUMBER: CR-18-00128-DGC-PHX
RELEASE NUMBER: 2018-058_Dorsey
The U.S. Attorney’s Office, District of Arizona, has released a statement confirming the sentence. For more information, visit http://www.justice.gov/usao/az/ or follow them on Twitter @USAO_AZ.
Key Facts
- State: Arizona
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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