John Frederick Snyder, Tax Evasion, Michigan 2018

GRAND RAPIDS, MICHIGAN

John Frederick Snyder, 71, of Greenville, Michigan, and owner of Snyder’s Roofing, has plead guilty to tax evasion for the 2011 tax year.

According to court records, Snyder willfully evaded the assessment of income taxes for 2009 to 2014 by underreporting his income by over $6 Million.

Snyder agreed to pay restitution of $414,160.00, representing his tax loss, plus fraud penalties and interest.

At a sentencing hearing yet to be set by the court, Snyder will face up to five years’ imprisonment and a fine of up to $250,000.00.

Snyder consistently failed to timely file tax returns and when he did file he underreported the amount of his business income.

He purposely deposited less than all of his business income into his business bank account without informing his accountant.

Snyder also carried out his tax evasion scheme by depositing checks made payable directly to him for the work of his roofing business into his personal bank accounts, taking back cash at the same time, or negotiating the entire amount of the checks for cash.

“Snyder willfully evaded his civic and legal obligation to pay his taxes,” said U.S. Attorney Birge.

“The IRS figured out his scheme and he will now pay those taxes after all, along with fraud penalties and interest, while also facing up to five years in prison,” Birge added.

Source: https://www.justice.gov/usao-wdmi/pr/2018_0621_Snyder