Tax Fraud Plagues Maryland Business Owners
A federal grand jury in Greenbelt, Maryland, has returned an indictment charging a married couple with conspiracy to defraud the United States and four counts of filing false tax returns.
The indictment alleges that Robert M. Underwood and Deborah J. Underwood, owners of B Underwood’s Used Auto Parts and B Underwood Used Auto Parts, LLC, in Clinton, Maryland, concealed the receipt of cash from the sale of scrap metal from their accountants and IRS auditors.
The couple allegedly purchased used and salvage cars, stripped them for parts to resell, and sold the remains to a Baltimore-based scrap yard from 2009 through 2012.
If convicted, the Underwoods face a maximum penalty of five years in prison for the conspiracy count and three years in prison for each false tax return count. They also face a period of supervised release, restitution, and monetary penalties.
Principal Deputy Assistant Attorney General Richard E. Zuckerman and U.S. Attorney Robert K. Hur thanked special agents of IRS Criminal Investigation, who investigated the case, and Assistant U.S. Attorney David I. Salem and Tax Division Trial Attorney Michael Vasiliadis, who are prosecuting the case.
An indictment merely alleges that crimes have been committed. A defendant is presumed innocent until proven guilty.
The case serves as a reminder of the importance of transparency and honesty in business dealings.
Additional information about the Tax Division’s enforcement efforts may be found on their website.
Key Facts
- State: Maryland
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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