Springdale Man Convicted In $1 Million Tax Fraud Case
FAYETTEVILLE (KFSM) – A Springdale man was convicted in a $1 million tax fraud case on Wednesday (Feb. 11), according to a news release from U.S. Attorney for the Western District of Arkansas Conner Eldridge.
Doyle Smith, 56, was convicted of four counts of subscribing a false tax return, one count of corruptly endeavoring to obstruct and impede the administration of the IRS and one count of presenting a fictitious obligation, the release states.
In 2008 and 2009, Smith submitted four false individual federal tax returns for tax years 2005 through 2008 and reported a total of more than $1.4 million in fictitious federal tax withholdings, officials said.
Based on the documents filed, Smith claimed a total of $1,021,457 in income tax refunds.
Smith also submitted false claims to both the IRS and third parties in an attempt to obstruct the IRS’ tax administration efforts, the release states.
“This case involves a scheme in which the defendant attempted to steal taxpayer money from the U.S. Treasury for his own personal gain,” said Eldridge. “This type of fraud is a serious crime and an insult to hard-working, law abiding citizens and taxpayers. Today’s conviction sends a strong message that our office and our law enforcement partners will aggressively pursue fraud wherever we find it.”
In this case, the statutory maximum sentences are:
- Three years in prison and a $250,000 fine for each count of filing a false tax return
- Three years in prison and a $250,000 fine for the count of impeding the internal revenue laws
- 25 years in prison and a $250,000 fine for the count of presenting a fictitious financial obligation