Nantucket painting company owner charged with tax fraud – News – The Inquirer and Mirror
The investigator and mirror
(Jan 25, 2021) The owner of a Nantucket painting company was charged Monday with tax fraud for a scheme that resulted in tax losses for the Internal Revenue Service of more than $ 2 million.
Durvan C. Lewis, aged 51, of Nantucket has pledged to plead guilty of tax evasion and non-payment, according to a press release from the US Attorney’s Office in Boston. A hearing is not yet planned.
Lewis owns and operates a painting business called DCL Painting. From 2014 to 2017, Lewis allegedly diverted over $ 1.5 million of DCL Painting’s gross earnings to his personal bank account and, according to the press release, did not report the diverted earnings to his tax advisor. In addition, between 2012 and 2019, he reportedly paid over $ 5 million in cash to DCL Painting employees “under the table”. Overall, Lewis is said to have caused the IRS a loss of $ 2,084,852.
The fee schedule provides for a term of up to five years in prison, three years’ custody release, and a fine of $ 250,000 or double gross profit or loss, whichever is greater.
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