N.C. Exec Charged with Tax Conspiracy
A North Carolina corporate executive has been charged with tax conspiracy.
From January 2005 to January 2008, James O. McLamb Jr., 41, of Raleigh, North Carolina, and others collected and withheld federal taxes from individual employers on behalf of employees, then prepared false and fraudulent documents to mislead the IRS, causing Castleton to unlawfully retain these federal taxes instead of remitting them to the IRS.
“The mission of the IRS is to apply the tax laws with integrity and fairness to all,” said IRS Special Agent in Charge Charles E. Hunter. “This means all taxpayers should pay their fair share. Large corporations and their officers are not above this.”
He faces up to five years in prison and a fine of up to $25,000.
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Tags: filing false federal tax return, tax evasion
