Oklahoma Business Owner Indicted for Tax Fraud

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2020-03-08

A federal grand jury in Tulsa, Oklahoma, returned an indictment last Wednesday charging a Bristow, Oklahoma, business owner with filing false tax returns, on March 6, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney R. Trent Shores for the Northern District of Oklahoma.

According to the indictment, David Ellis Fisher owned and operated A-1 Power Tongs and Casing Crews LLC, a business that provided equipment and services to oil and gas extraction companies. From 2013 through 2015, Fisher allegedly willfully underreported his income on his tax returns for 2013 through 2015 by depositing a portion of the payments to his business into a bank account that Fisher did not disclose to his bookkeeper or tax return preparer.

If convicted, Fisher faces a maximum sentence of three years in prison on each count. He also faces a period of supervised release, restitution, and monetary penalties.

Source: U.S. Department of Justice

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