Owner of Canfield companies charged with tax fraud

Tax-Fraud

COLUMBUS, Ohio (WKBN) – The owner of three Canfield companies has been charged in federal court for failing to pay nearly $600,000 in federal income tax.

David S. Owens, aka D. Scott Evans, 62, of Columbus, was charged in a federal bill of information with one count of failure to account for and pay employment tax, according to the U.S. Attorney for the Northern District of Ohio.

According to the bill of information, between 2008 and 2009, Owens, through his Canfield-based company, Advetech, Inc., made payroll tax withholdings from his employees’ paychecks, but failed to pay those withholdings to the IRS in the approximate amount of $570,000. According to its website, Advetech manufactures industrial knives, blades and wear parts.

The bill of information states that during the same time period, Owens transferred hundreds of thousands of Advetech, Inc. dollars to at least two other Canfield companies owned and operated by Owens, including Brixton Development Corp. and Preferred Communities, Inc. The bill of information states Owens took hundreds of thousands of dollars in income for himself from the two companies.

The case was investigated by the IRS and the U.S. Department of Labor, Employee Benefits Security Administration.

blog comments powered by Disqus