Graciela Rueda Alvarez, Tax Evasion, Nevada 2016

A Las Vegas business owner has been caught in a web of deceit, accused of evading taxes on a massive scale.

Graciela Rueda Alvarez, aka ‘Graciela Masso,’ owned and operated two Las Vegas businesses: All Hose Inc. (AHI) and All Hose South LLC (AHS), which are distributors of industrial, hydraulic, and pneumatic hoses, connectors and fluid transfer systems.

Between 2013 and 2016, Rueda Alvarez transferred a staggering $950,000 of profits from AHI and AHS to bank accounts she controlled, but failed to report these funds as income on her personal federal tax returns.

This brazen act of tax evasion resulted in a whopping $210,807 tax loss to the IRS.

Rueda Alvarez now faces the statutory maximum penalty of three years in prison, one year of supervised release, and a fine of $250,000.

In addition to the prison term, Rueda Alvarez has agreed to pay a whopping $458,728.52 in restitution, including past-due taxes, interest, and penalties.

U.S. District Court Judge Jennifer A. Dorsey has scheduled Rueda Alvarez’s sentencing for September 27.

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