Oklahoma City, OK – In a shocking case of tax evasion, 67-year-old Janis Ann Edwards has pleaded guilty to evading taxes owed by her company, Corporate Resource Management, Inc.
Edwards, the sole owner of the company, was charged with 23 counts of tax evasion for failing to pay substantial amounts of payroll taxes collected from small businesses that had contracted with her company. The indictment alleges that Edwards regularly and intentionally directed her employees to alter quarterly tax returns to reflect less payroll tax liability than what was actually owed.
According to the indictment, Edwards is responsible for $6,387,399.09 in unreported payroll taxes for the 23 quarters identified in the indictment. Last Friday, Edwards pleaded guilty to evading approximately $1 million in taxes owed by Missouri Corporate Resource for the fourth quarter of 2010.
U.S. District Judge David L. Russell accepted Edwards’ guilty plea based on her admission in open court that she knew that the company’s quarterly payroll tax return falsely underreported federal income tax due when it was stamped with her signature and filed with the IRS.
Edwards faces a maximum penalty of five years in prison, three years of supervised release, a fine of $250,000, and the costs of prosecution. In a plea agreement, she has agreed to pay restitution to the Internal Revenue Service for related tax losses, which she agrees are between $3.5 and $25 million.
Sentencing will take place in approximately 90 days. The case is the result of an investigation by IRS-Criminal Investigations and is being prosecuted by Assistant U.S. Attorneys Scott E. Williams and Jessica L. Perry.
Reference is made to court filings for further information.
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Key Facts
- State: Oklahoma
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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