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Gleason couple pleads guilty to tax fraud

Gleason couple pleads guilty to tax fraud
A Gleason husband and wife have pleaded guilty to filing a false tax return in a federal court earlier this week.
According to a press release issued by the U.S. Attorney’s Office for the Western Division of Tennessee, Jerry Wayne Esch and his wife Marcia Kay Esch, pleaded guilty to one count of filing a false return for a 2003 corporate return for their business Esch and Poole, Inc. that under-reported the company’s income by more than $350,000.
According to plea agreements filed during the plea hearing, Jerry Esch agreed to a tax loss of $164,344.00 to the United States based upon his actions relating to corporate and personal tax returns for 2003.
Marcia Esch agreed to a tax loss of $521,598.40 based upon her relevant conduct pertaining to her 2003 personal income tax return, corporate income tax returns for Esch and Poole, Inc., for 2003 through 2006 and employment taxes for tax years 2005 through 2007.
The couple faces a maximum penalty of three years in prison and a fine of $250,000.
A sentencing hearing is set for Oct. 21, 2010. The investigation was conducted by the Internal Revenue Service Criminal Investigation division.
Assistant U.S. Attorney R. Leigh Grinalds represented the government.
WCP 7.22.10

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