Church Sound Man Evaded Income Taxes
A Tennessee man, in pleading guilty to tax charges, told the court he owes the federal government more than $300,000.
Charles Grecco, 44, of Franklin, Tenn., was sentenced to serve 6 months in prison after pleading guilty to two counts of failure to pay taxes to the United States.
According to the government, Grecco failed to pay more than $67,000 in federal income taxes for years 2001 and 2002. During the plea hearing, Grecco admitted that, while operating the business Sterling Group Audio, he did not make estimated tax payments as required by law. Grecco’s business consisted primarily of installing complex sound systems in church auditoriums across the United States.
The investigation revealed Grecco lived a lavish lifestyle during the time that he failed to pay his tax liabilities. His personal expenditures during that time included Lasik eye surgery, elective plastic surgery, generous church donations, dance lessons, home-school tuition, several luxury vehicles, two expensive homes and a vacant lot.
Grecco admitted that as of May 17, 2007, he owed more than $300,000 in taxes, penalties and interest for tax years 2000 to 2005.
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Tags: fail to pay taxes, failing to file tax returns, tax charges, tax cheat, tax evasion
