A man from Florida pleads guilty to a tax fraud conspiracy

A man from Florida pleads guilty to a tax fraud conspiracy

A man who was related to the operation and ownership of illegal gambling business in Canton, Ohio, pleaded guilty to tax fraud conspiracy Wednesday.

A man from Florida may be sentenced to five years in prison

According to details released by the Department of Justice, Larry Dayton pleaded guilty to conspiring to defraud the IRS. According to statements and court documents, the DOJ pointed out that Dayton collaborated with two other people. Two illegal gambling businesses were once owned and operated by the trio. Dayton’s sentencing hearing will be set for a later date even though he pleaded guilty to tax fraud conspiracy.

According to the DOJ, Dayton failed to report more than $2 million in income from the two gambling operations. The DOJ claims that Dayton and his co-conspirators created a false purchase agreement where he purported to sell the assets of the gambling business to a nominee owner. The maximum penalty for the charges he may face is up to five years in prison. Dayton could face monetary penalties, as well as a supervised release period.

Agencies worked together during the investigation of the case

The IRS-Criminal Investigation unit, the US Department of the Treasury, Office of the Inspector General, and the Ohio Casino Control Commission collaborated to investigate the criminal case. The Homeland Security Investigations unit provided substantial assistance in the investigation, according to the DOJ.

The case is being prosecuted by Assistant US Attorneys Robert Patton and David Toepfer from the Northern District of Ohio, as well as Trial Attorneys Richard M. Rolwing and Sam Bean from the Tax Division.

Three other people face charges for their involvement in illegal gambling

The man from Canton was charged in Cleveland, Ohio for his involvement in an illegal gambling operation. There were five conspiracies to conduct illegal gambling, an attempt to defraud the IRS, as well as multiple counts of submitting false tax returns and tax evasion.

Karasarides is accused of operating an illegal gambling business in Canton with the help of two other people. The DOJ revealed that the couple pleaded guilty to participating in tax conspiracy.

Summary:

Larry Dayton, a 46-year-old man who was related to the operation and ownership of illegal gambling business in Canton, Ohio, pleaded guilty to conspiring to defraud the IRS. According to the DOJ, between 2012 and 2017, Dayton failed to report more than $2 million in income from the two gambling operations. The maximum penalty Dayton may face is up to five years in prison.