Timothy P. Draper, Tax Evasion, Connecticut 2023

Bethel Man Pleads Guilty to Tax Evasion, faces up to 5 years in prison

Timothy P. Draper, 54, of Bethel, waived his right to be indicted and pleaded guilty today in Hartford federal court to one count of tax evasion, according to a statement released by the United States Attorney for the District of Connecticut Leonard C. Boyle, and Joleen D. Simpson, Special Agent in Charge of IRS Criminal Investigation in New England.

Draper owns and operates T&M Lawn & Landscape, and also owns multiple residential rental properties in Bethel and Danbury. Draper failed to deposit into his business operating accounts numerous checks generated from his landscaping and rental businesses, resulting in underreporting of approximately $1.8 million in business receipts on his tax returns for the 2015 through 2017 tax years.

Draper also paid personal expenses out of the business accounts and failed to categorize such payments as income to him. The underreporting of income resulted in the underpayment of more than $500,000 in income taxes for the three tax years.

Draper is scheduled to be sentenced by U.S. District Judge Sarah A. L. Merriam on July 11, at which time he faces a maximum term of imprisonment of five years.

Draper has paid $1,117,883.11 in back taxes, interest and penalties. This investigation has been conducted by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney Christopher W. Schmeisser.

The United States Attorney’s Office for the District of Connecticut has announced charges against numerous individuals and organizations for various crimes, including tax evasion, wire fraud, and money laundering. If you or someone you know is being investigated for a white-collar crime, contact a qualified defense attorney immediately to protect your rights.

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