Florida CPA Ronald St. Clair, 62, has pleaded guilty to evading payment of over $2.2 million in income tax liabilities. The scheme, which spanned from 2011 to 2017, involved St. Clair attempting to hide his assets from the IRS after accumulating tax debts.
According to court documents, St. Clair sold real property he owned in 2020 and transferred the proceeds into a bank account in a third party’s name. He then directed the money for his personal and business use, intentionally failing to disclose these funds and assets while seeking a payment plan with the IRS.
This brazen move caught the attention of the IRS, which notified St. Clair that it intended to levy his assets to collect his unpaid taxes. The attempted cover-up ultimately led to St. Clair’s downfall, as he was caught and charged with one count of tax evasion.
St. Clair faces a maximum penalty of five years in prison, as well as restitution and monetary penalties. A federal district court judge will determine his sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
The investigation into St. Clair’s tax evasion scheme was led by the IRS Criminal Investigation, with assistance from the Justice Department’s Criminal Division and the U.S. Attorney’s Office for the Middle District of Florida.
St. Clair’s sentencing is set to take place at a later date. The case serves as a stark reminder of the consequences of tax evasion, and the determination of law enforcement agencies to hold individuals accountable for their actions.
Source: Department of Justice
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