CNBNews

PHILADELPHIA – Special Agent in Charge Thomas Fattorusso announced that William Wells of Coatesville, was charged by Information with tax evasion, in violation Title 26, United States Code, Section 7201. The charges against Wells were filed on March 29, 2021.

The information alleges that Wells, a part-owner of a paving company located in Coatesville, did not file tax returns for tax years 2014 through 2017. In an effort to conceal income earned from operating the company, he cashed checks from paving customers at a check cashing business. As a result of these actions, defendant Wells evaded the payment of $84,995 in federal income taxes.

“Anyone contemplating cheating on their taxes should know that IRS Criminal Investigation Special Agents work tirelessly, year-round, to investigate tax and financial crimes,” said IRS Criminal Investigation Special Agent in Charge Thomas Fattorusso. "Our largest enforcement program is directed at the portion of American taxpayers who willfully and intentionally violate their known legal duty of filing and paying their taxes”

If convicted, the defendant faces a maximum possible sentence of five years in prison, a $250,000 fine, and full restitution paid to the IRS.

The case was investigated by the Internal Revenue Service, Criminal Investigation Division, and is being prosecuted by Assistant United States Attorney Richard P. Barrett.

An indictment, information, or criminal complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.