Phillip Barry Albert, Tax Evasion, Oklahoma 2023

Phillip Barry Albert, the former President of Pelco Structural LLC, a steel pole manufacturer in Oklahoma, has pleaded guilty to evading over $1 million in income taxes. According to court documents, Albert instructed his outside payroll service company to pay him over $2.6 million, classifying the payments as reimbursements rather than income to avoid federal income taxes.

Between 2014 and 2019, Albert received over $2.6 million in payments from Pelco Structural LLC, but failed to report the income on his tax returns. The tax loss to the IRS was estimated at $1,000,232.

Albert faces a maximum penalty of 5 years in prison for his crime. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

The case was investigated by IRS-Criminal Investigation and the FBI. Trial Attorney Meredith Havekost of the Justice Division's Tax Division and Assistant U.S. Attorneys Richard Cella and Thomas Duncombe of the Northern District of Oklahoma are prosecuting the case.

Phillip Barry Albert's guilty plea is a significant blow to those who seek to evade taxes. It is a reminder that tax evasion is a serious crime with serious consequences. The IRS and law enforcement agencies will continue to work together to root out tax evasion and bring perpetrators to justice.

The people of Oklahoma can be assured that those who seek to cheat the system will be held accountable. The guilty plea of Phillip Barry Albert is a testament to the effectiveness of the IRS and law enforcement agencies in combating tax evasion.

The case against Phillip Barry Albert is a reminder that tax evasion is a serious crime with serious consequences. It is a reminder that those who seek to cheat the system will be held accountable. The guilty plea of Phillip Barry Albert is a significant blow to those who seek to evade taxes.

The exact criminal charges against Phillip Barry Albert are tax evasion, resulting in a tax loss of $1,000,232. The crime was committed in Tulsa, Oklahoma, and the guilty plea was entered on Friday, March 10, 2023. The sentence or outcome of the case is pending, with a federal district court judge to determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

The defendant's real full name is Phillip Barry Albert, and he is a citizen of Tulsa, Oklahoma. The exact date of the crime was not specified in the source, but the guilty plea was entered on Friday, March 10, 2023. The dollar amount of the tax loss is $1,000,232.

Phillip Barry Albert, the former President of Pelco Structural LLC, pleaded guilty to evading over $1 million in income taxes. The case is a reminder that tax evasion is a serious crime with serious consequences. The guilty plea of Phillip Barry Albert is a significant blow to those who seek to evade taxes.

Source: https://www.justice.gov/usao-ndok/pr/president-oklahoma-steel-pole-manufacturer-pleads-guilty-tax-evasion