PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

Vector Technologies Ltd.


Coatings Industry News

Main News Page


Marine Staffing Agency Owner Pleads Guilty

Friday, March 24, 2017

More items for Program/Project Management
More items from North America

Comment | More

A Texas man who owned a staffing service for industrial and marine businesses has pleaded guilty to failing to pay about $18 million in taxes, according to the Department of Justice.

Richard Floyd Tatum Jr., 57, of Houston, owned Associated Marine & Industrial Staffing, a staffing firm that provided temporary workers for businesses in Texas and elsewhere. According to the DOJ, Tatum admitted to failing to file tax returns and in some cases filing but failing to pay, during a period stretching from 2008 through 2012.

Tax fraud
© iStock.com / JPecha

Tatum could spend up to five years in prison and be forced to pay penalties and restitution for failing to pay $18 million in employment taxes.

Tatum largely controlled AMI’s finances, prosecutors say, including signing checks and signing and filing employment tax returns. The company reportedly operated with about 1,000 employees, including both internal employees and those who worked as temps at other businesses, as employees of AMI.

During the period detailed, Tatum filed some false returns that failed to report AMI’s external employees, the DOJ says. In other cases, he filed returns that counted the employees, but did not make the necessary payments.

In all, prosecutors say he withheld about $12 million in payroll taxes between March 2008 and December 2012 without forwarding that money on to the IRS. He failed to pay another $6 million in social security and Medicare taxes during the same period, they say.

Ranch Payments, Vacations

Instead of paying the money to the IRS, prosecutors say he spent it on payments on his ranch, and travel to destinations like Las Vegas, Hawaii and France.

“Failure to pay over employment taxes taken from employee wages is a serious criminal offense,” said Chief Richard Weber, of IRS Criminal Investigation. “It not only harms the employees’ future social security and Medicare benefits, it’s stealing from honest taxpayers and the U.S. Treasury.”

“Employment taxes are not a source of funding for ranches or premium travel,” added Acting Deputy Assistant Attorney General Stuart M. Goldberg, of the DOJ’s Tax Division. “Those who keep these funds and use them as a personal piggy bank will be prosecuted and face incarceration.”

Tatum could spend up to five years in prison and be forced to pay penalties and restitution. His sentencing is set for June 1.

   

Tagged categories: Criminal acts; Government; Laws and litigation; Taxes

Comment from Gregory Stoner, (3/27/2017, 11:14 AM)

This appears to have started in 2008 and run through 2012. Much to long. Something this big should have been found out much sooner like when his employees were filing their taxes. Come on now, stop with the stupidity.


Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
SAFE Systems, Inc.
 
Enduroguard -
The Tough Cable
for a Tough Industry.
 
Reduce maintenance costs and down time, increase job site safety with Enduroguard Cable. Available exclusively from SAFE Systems. UL listed, flexible, abrasion resistant and cut resistant.
 

 
SABRE Autonomous Solutions
 
Safety
 
Removing blasting operators from harmful environments is our key objective.
 

 
Absolute Equipment/Grand Rental Station
 
TIER 4 EQUIPMENT
 
We have Tier 4 Equipment including Air Compressors & Generators for Sale & Rent! Your job may now require Tier-4. www.absoluteequip.com or Call 412-931-6655.
 

 
CS Unitec
 
Dust Control Surface Prep Industrial Tools for Steel and Concrete
 
Scarifying • Grinding Scabbling • Descaling Dust collection for safer working conditions. Low-vibration for less worker fatigue. Trelawny™ power tools from CS Unitec. Learn more…
 

 
SEMicro Division, M.E. Taylor Engineering, Inc.
 
Stop Guessing the Classification Rating of Your Cross Hatch Adhesion Testing Results
 
SEMicro's newly-patented Adhesion Testing Analyzer takes the guesswork out of cross hatch tape adhesion testing standards such as ASTM D3359 and ISO 2409.
 

 
HoldTight Solutions Inc.
 
Full Surface Protection for Up to One Year
 
HT 365 is a preservation, single component, anti-corrosive coating, a water displacing agent, a lubricant, and a penetrating fluid. It creates an imperceptible thin-film coating that offers excellent salt contaminant and humidity protection. Contact your HoldTight® representative or visit Holdtight.com for more information.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Bullard
 
Bullard Made in the USA
 
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us