An example of white collar crime is tax evasion. Joseph Wilke, the owner of a Marinette heating and air conditioning business, pleaded guilty to federal tax evasion charges in federal court in Green Bay.  The announcement was made by United States Attorney James L. Santelle.

Wlike, 56, admitted that he failed to report more than $130,000 of income which he earned from a side-business during the years 2007-2009.  This caused him to under report on federal taxes by more than $51,000 according to the United States Department of Justice.

Based on his plea agreement, Wilke faces a maximum sentence of 5 years in prison and fines up to $250,000.  He will also make restitution to the Internal Revenue Service for his unpaid taxes, interest, and penalties, which totals more than $108,000.

Wilke was released on bond and a sentencing hearing has been scheduled for September 29, 2014.

This case was investigated by the Internal Revenue Service Criminal Investigation and prosecuted by Assistant United States Attorney Matthew L. Jacobs.

Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts.  Typically, tax evasion schemes involve the misrepresentation of income to the Internal Revenue Service by under reporting income, inflating deductions, or hiding money and interest altogether in offshore accounts. The estimated federal revenue lost to tax evasion was an estimated $305 billion during the calendar year of 2010.

Alexander Truluck focuses his practice as a criminal defense attorney in Clearwater, Palm Harbor, Largo, Dunedin and the Tampa Bay area.

For more information, visit our website at http://www.criminallawyerclearwaterflorida.com
or call (727) 799-3550.