Stephen Thomas, a Pennsylvania man, pleaded guilty to tax evasion in a Washington D.C. court. Thomas, 66, of York, Pa., is accused of evading taxes between 2002 and 2007.
According to court records, Thomas formed multiple entities in the District of Columbia, including ESOP Capital Group, which provided financial and business services to companies. Between 2005 and 2006, Thomas contracted with two companies in Maine to provide these services.
As part of his guilty plea, Thomas admitted to failing to file his individual income tax returns for 2005, 2006, and 2007, as well as failing to file corporate income tax returns for ESOP Capital Group for the same years.
Thomas also admitted to engaging in affirmative acts of evasion, including concealing his income by transferring earnings into bank accounts in his wife’s name and withdrawing cash on a weekly basis, totaling over $400,000. He used cashier’s checks and titled his primary residence in his wife’s name.
As a result of his actions, Thomas failed to report at least $573,785 of income and caused a tax loss to the IRS of at least $154,362.
Thomas faces a maximum sentence of five years in prison and a fine of up to $250,000. U.S. District Judge Amy Berman Jackson set a sentencing date of Dec. 3, 2012.
Thomas’s case was investigated by a special agent of IRS-Criminal Investigation and an investigator from the Department of Labor, Employee Benefits Security Administration, and is being prosecuted by Trial Attorneys Jessica Moran and Jeffrey Bender of the Tax Division.
Related Federal Cases
- Stephen Thomas, Tax Evasion, Pennsylvania 2004 · District of Columbia
- James Battles, Tax Evasion, Pennsylvania 2023 · District of Columbia
- Six Individuals Charged, Auto Theft, District of Columbia 2023 · District of Columbia
- Charles Bradford Smith, Assaulting Law Enforcement, Washington District of Columbia 2021 · District of Columbia
- Michael J. Dickinson, Assaulting Officers, Washington District of Columbia 2021 · North Carolina
Key Facts
- State: District of Columbia
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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