A former corporate officer of a produce vendor in Johnson Creek, Wisconsin has been held accountable for his crimes. Thomas G. Paine, the Vice President and Treasurer of G.W. Paine Inc., which sold fresh fruit and other produce under the business name Tree Ripe Citrus Company, was sentenced to 18 months in prison for tax evasion.
According to court documents and information provided to the court, Paine failed to file corporate tax returns for tax years 1997 through 2012 and concealed the business’ income from the Internal Revenue Service (IRS) by structuring cash bank deposits in amounts less than $10,000 to evade bank reporting requirements.
Paine admitted to causing a tax loss between $250,000 and $550,000. This staggering amount highlights the severity of Paine’s actions and the impact they had on the government’s revenue.
In addition to the term of imprisonment, U.S. District Court Judge James D. Peterson ordered Paine to serve two years supervised release and to pay restitution of $421,621.99.
Principal Deputy Assistant Attorney General Richard E. Zuckerman and U.S. Attorney Scott C. Blader commended special agents of IRS Criminal Investigation, who conducted the investigation, and Assistant U.S. Attorney Elizabeth Altman and Trial Attorney Eric C. Schmale of the Tax Division, who prosecuted the case.
The sentencing of Thomas G. Paine serves as a reminder of the importance of accountability and the consequences of tax evasion. It is a significant victory for the IRS and the government in their efforts to combat tax crimes.
As the investigation and prosecution of tax evasion cases continue, it is essential that individuals and businesses understand the gravity of their actions and the penalties they may face. The sentencing of Thomas G. Paine should serve as a warning to anyone who would attempt to evade their tax obligations.
The crime of tax evasion is a serious offense that can have severe consequences. In this case, Thomas G. Paine has been held accountable for his actions and will serve 18 months in prison. The exact date of the sentencing was not specified, but the outcome is clear: Paine will face the consequences of his crimes.
The amounts of money involved in this case are also noteworthy. Paine admitted to causing a tax loss between $250,000 and $550,000, and he was ordered to pay restitution of $421,621.99.
Defendant: Thomas G. Paine
Criminal Charge: Tax Evasion
City and State: Johnson Creek, Wisconsin
Exact Date: Not specified
Sentence or Outcome: 18 months in prison, two years supervised release, and restitution of $421,621.99
Dollar Amounts: $250,000 to $550,000 tax loss, $421,621.99 restitution
Key Facts
- State: Wisconsin
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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