A Massachusetts man has been indicted and charged with tax evasion in U.S. District Court. The indictment accuses the defendant of various tax-related crimes that allegedly took place over a 15 year period starting in 1994.
According to the charges listed in the indictment, the defendant attempted to hide his ownership interest in the Gold Club, an adult entertainment complex, and other business entities he was associated with by directing the money he earned into business accounts that he then used for non-business related activities. The Gold Club opened at a location off the Massachusetts Turnpike on Shawnigan Drive in 1996 and remained open until its liquor license was cancelled in 2000 by the Alcoholic Beverages Control Commission because of questions that arose about the ownership structure of the club. The building was later occupied by a topless bar but has now been taken over by Salter College.
The defendant is accused of not filing income taxes and not paying taxes on income in excess of $2 million that the indictment claims he earned in a three year period. He is facing several charges including four counts of tax evasion and one count of obstructing the IRS. If convicted, the defendant could face more than 25 years in prison and fines of more than $1 million.
Individuals who are facing tax-related criminal charges may need professional help to defend themselves in a court of law. Attorneys working in the area of tax law may be able to help their clients to navigate the legal system and work towards a settlement that protects their interests.
Source: MassLive, “Richard Furnelli, one-time investor in Gold Club strip joint in Chicopee, indicted on tax evasion charges“, Patrick Johnson, September 12, 2013