A former New York City real estate businessman from Edgeworth, Pennsylvania has pleaded guilty to tax evasion, according to a court statement.
Dean Britton admitted to evading his taxes between 2013 and 2017 by placing the title to his personal residence in his wife’s name and using business bank accounts to pay his personal expenses.
Britton also directed income into new personal bank accounts he established after the IRS levied his prior account. During these years, he spent over $1.46 million on personal expenses, including $770,000 on real estate purchases and $165,000 on financing an art gallery operated by his wife.
Britton’s conviction was announced by U.S. Attorney Scott W. Brady for the Western District of Pennsylvania and Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division.
According to court documents, Britton was contacted by the IRS regarding unfiled tax returns and initially reported owing over $1.1 million in outstanding taxes. However, he failed to pay the taxes and instead continued to accumulate personal expenses.
U.S. District Judge Nora Fischer has scheduled sentencing for November 5, 2020. Britton faces a maximum sentence of five years in prison, as well as a period of supervised release, restitution, and monetary penalties.
The case was investigated by special agents of IRS-Criminal Investigation and is being prosecuted by Trial Attorney Kimberly Ang of the Tax Division and Assistant U.S. Attorney Carolyn Bloch.
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Key Facts
- State: Pennsylvania
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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