Oil Exec Pleads Guilty to Evasion
Oil executive Jack R. Durland Jr., formerly of Gulfport, Miss., pleaded guilty to federal income tax evasion.Durland served as vice president of Gulfport Oil & Gas and as vice president of T.J. Oil & Gas. For the 1999 tax year, he failed to report $55,000 in salary payments from T.J. Oil. For the 2000 tax year, he failed to report $5,000 in salary payments he received from T.J. Oil. Also for the 2000 tax year, Durland failed to report wages of $122,500 he received from Gulfport Oil & Gas.
He faces up to five years in prison and a fine of up to $250,000.
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Tags: tax evasion
