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Date: 05-02-2021
Case Style:
Case Number: 3:20-cr-00249-MPS
Judge: Michael P. Shea
Court: United States District Court for the District of Connecticut (New Haven County)
Plaintiff's Attorney: United States District Attorney’s Office
Defendant's Attorney:
Description: New Haven, Connecticut criminal lawyer represented defendant charged with tax evasion.
Guy Smith, 63, of Shelton, was charged with tax evasion.
Smith owns and operates Centerline Interiors LLC, a business that specializes in commercial interior construction. Smith is also a professional poker player and has participated in poker tournaments at casinos in Connecticut and other locations around the U.S. and The Bahamas. Smith withdrew funds from both his business and personal bank accounts for his gambling business.
For the 2012 through 2016 tax years, Smith furnished his tax preparer with a summary of Centerline’s income and expenses, which the tax preparer used to prepare Smith’s federal income tax returns. Smith did not provide his tax preparer with any bank statements. During these five years, Smith intentionally failed to report to his tax preparer, and to the IRS, approximately $1.1 million in income he received from Centerline Interiors. In addition, even though the IRS notified Smith on multiple occasions that he was required to report all of his gambling income on his federal tax returns, Smith concealed his gambling income from his tax preparer and paid no income taxes on more than $1 million in gambling winnings.
For the 2012 through 2016 tax years, Smith failed to pay a total of $821,415 in federal income taxes. Judge Shea ordered Smith to pay all outstanding taxes, interest and penalties.
Smith pleaded guilty to the offense on December 10, 2020.
Smith, who is released on bond, is required to report to prison on June 30, 2021.
This case was investigated by the Internal Revenue Service – Criminal Investigation Division, and was prosecuted by Assistant U.S. Attorney Michael S. McGarry.
ATTEMPT TO EVADE OR DEFEAT TAX, TAX EVASION
Outcome: Defendant was sentenced to 14 month is prison, followed by two years of supervised release.
Plaintiff's Experts:
Defendant's Experts:
Comments: