Guy Smith, Tax Evasion, Connecticut 2021

Related Federal Cases

Khawar M. Khokhar, Tobacco Tax Evasion, Connecticut 2024 · Washington
John Doe, Tax Evasion, Connecticut 2024 · New York
William Burke, Tax Evasion, Connecticut 2024 · Illinois
David Adams, Tax Evasion, Connecticut 2002 · Illinois
James Johnson, Tax Evasion, Connecticut 2022 · Connecticut

Table of Contents

Business Owner and Poker Player Pleads Guilty to Tax Evasion

Guy Smith, a 62-year-old resident of Shelton, Connecticut, has pleaded guilty to one count of tax evasion, a crime that has yielded significant financial consequences for his business and personal life.

According to court documents, Smith owns and operates Centerline Interiors LLC, a commercial interior construction company that has been in operation for several years. However, Smith’s business ventures extend beyond his company, as he is also a professional poker player who has participated in tournaments at casinos in Connecticut and other locations around the United States and the Bahamas.

As part of his plea agreement, Smith admitted to hiding approximately $482,000 in income from his business, Centerline Interiors LLC, from the Internal Revenue Service (IRS) for the tax years 2012 through 2016. In addition, Smith concealed his gambling income from the IRS, failing to report over $1 million in winnings during the same period.

For the tax years 2012 through 2016, Smith failed to pay a total of $821,415 in federal income taxes, resulting in a substantial financial burden for his business and personal life.

Smith’s guilty plea is a significant development in a case that was investigated by the Internal Revenue Service – Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney Michael S. McGarry.

Smith is scheduled to be sentenced by U.S. District Judge Michael P. Shea on March 4, 2021. He faces a maximum term of imprisonment of five years and has agreed to cooperate with the IRS to pay all outstanding taxes, interest, and penalties. Smith has been released on a $50,000 bond pending sentencing.

The case against Smith serves as a reminder of the importance of adhering to tax laws and regulations. Tax evasion is a serious crime that can have severe consequences for individuals and businesses alike.

Guy Smith, 62, of Shelton, Connecticut, has pleaded guilty to one count of tax evasion. The crime carries a maximum term of imprisonment of five years.

The exact date of the crime is not specified in the source. The sentencing is scheduled for March 4, 2021.

The amount of unpaid federal income taxes is $821,415, and the amount of hidden income is $482,000. The amount of concealed gambling income is over $1 million.