Friday, February 16, 2007

Morristown bondsman sentenced to 18 months for income tax evasion

Tri-Cities, Tennessee Personal News and Media Center: "A Morristown bondsman who failed to report more than $325,000 in income to the Internal Revenue Service has been sentenced to 18 months in prison.

Roy Lee Noe pleaded guilty in U.S. District Court in Greeneville in September to two counts of income tax evasion. Last week, Noe received an 18-month prison sentence, three years probation and was ordered to pay $323,123 in restitution to the IRS, which encompasses tax years 1999 through 2003 and tax previously owed for 1995.

Four remaining counts of income tax evasion were dismissed as part of the plea agreement. Noe faced a maximum sentence of five years in prison and a $250,000 fine for each count.

Prosecutors say Noe admitted to attempting to evade income tax for the year 1999 and attempting to evade the payment of income taxes for the years 1994 and 1995."

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