Michigan Luxury Car Mechanic Indicted for Tax Fraud
A mechanic who specializes in repairing exotic foreign cars and other high-end luxury vehicles was arrested on Friday after being indicted on tax charges by a grand jury in Detroit, the Justice Department announced.
Terry Myr, a resident of Smith’s Creek, Michigan, was charged with tax evasion and failure to file tax returns. If convicted, Myr faces a maximum sentence of nine years in prison and a $650,000 fine.
According to the indictment, the Internal Revenue Service (IRS) assessed Myr approximately $195,000 in taxes, interest and penalties for his failure to report all of his income for the years 2000 through 2003. To avoid the IRS collecting this money, Myr transferred property that he owned to a third party, used nominee companies to conceal his income and assets, and otherwise dealt in cash. The indictment alleges that Myr failed to file tax returns from 2002 through 2010.
Source: U.S. Department of Justice
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