A Florida resident, David Albert Fletcher from Deltona, has admitted to evading more than $1.7 million in taxes owed for the years 2004 through 2014. Fletcher operated several furniture liquidation businesses, including Century Liquidators, but failed to file federal income tax returns or pay taxes for the years 2004 to 2013.
The IRS conducted an audit and determined that Fletcher owed $1.7 million in taxes, interest, and penalties. To avoid paying these dues, Fletcher reportedly concealed his income and assets by using nominees to purchase luxury vehicles such as Rolls Royces. Additionally, he filed false tax returns understating his income and misrepresented his earnings during an interview with an IRS special agent.
Fletcher's sentencing will be scheduled at a later date. He faces up to five years in prison. A federal district court judge will decide the sentence after considering the U.S. Sentencing Guidelines and other legal factors.
This case was announced by Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Roger B. Handberg for the Middle District of Florida. The investigation was conducted by IRS Criminal Investigation.
The prosecution team includes Trial Attorneys Zachary A. Cobb and Charles A. O’Reilly from the Justice Department’s Tax Division along with Assistant U.S. Attorney Sarah Megan Testerman for the Middle District of Florida.