Credit: Flickr/steakpinball
A Newtown man was sentenced to prison and ordered to pay a hefty restitution by a federal judge last week.
Joseph White, 48, was handed down a two-year prison sentence and ordered to pay $1.2 million in restitution following a guilty plea to a charge relating to attempting to evade the payment of taxes using a corporate diversion scheme.
In addition to the prison time and restitution , the judge ordered White to attend Gamblers Anonymous following his release from federal custody.
“This sentence should send a clear message; schemes to evade the payment of taxes are a violation of the Federal Tax laws and the consequences of such schemes can and will result in jail time.” said Gregory Floyd, acting special agent in charge of the IRS Criminal Investigation Philadelphia Field Office.
From federal authorities.
According to the Criminal Information, Joseph White was the owner of PCE Electric Corporation and Thomas Edison Electric Corporation, located in Southampton from 2000 through 2011. The Criminal Information further charged that Joseph White diverted funds from his two corporations which he used for personal consumption without accounting, for tax purposes, for the income that he had diverted from his two corporations.
In addition to engaging in a corporate diversion scheme, the Criminal Information further charged that Joseph White registered the title to multiple vehicles that he purchased in the name of HAPPE, a partnership that he formed and registered with the Nevada Secretary of State.
