Mississippi Landman Sentenced to Prison for Submitting False Corporate Tax Return
A Mississippi man was sentenced to 30 months in prison for filing a false corporate income tax return on behalf of his oil and gas leasing business.
According to court documents and statements made in court, Jeffrey C. Randall of Jackson, Mississippi, owned and operated an oil and gas lease company, Gulf States Royalty, Ltd. After informing his return preparer that he was unwilling to pay the tax he owed on the $3 million dollars earned by Gulf States in 2008, Randall and his preparer falsely reported more than $2 million dollars in business expenses on Gulf States’ corporate income tax return for that year. Randall then signed the false return and directed his tax return preparer to submit it to the IRS. In total, Randall caused a tax loss to the IRS of $824,036.72.
At the sentencing hearing, the United States presented evidence that after being indicted in 2015, Randall earned roughly $2 million in income from his oil and gas business between 2015 and 2021, for which he did not pay any taxes. As a result, the United States argued that Randall caused an additional loss to the IRS of over $700,000, and nearly $300,000 in interest and penalties.
In addition to the term of imprisonment, Chief U.S. District Judge Daniel P. Jordan III ordered Randall to serve one year of supervised release and to pay $824,036.72 in restitution to the United States.
Source: U.S. Department of Justice
- 134 reads
Human Rights
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Awakening of Conscience - Promise Taiwan’s Rebirth and Hopeful Future
Puppet Show I International Friendship Day 2020