Florida Man Sentenced to 30 Months in Prison for Assisting Contractors in Tax Evasion

A Florida man has been sentenced to 30 months in prison for creating shell construction companies to help contractors evade millions of dollars in payroll taxes. Wendel Algarin of Orlando was sentenced for the elaborate tax evasion scheme.

“Mr. Algarin devised a plan to defraud the American taxpayer by establishing shell companies in the construction sector and evading employment taxes,” said Tara K. Reed, IRS criminal investigation acting special agent in charge. “Additionally, he employed undocumented workers, which harmed the workers’ compensation insurance industry.”

Court records show that between 2012 and 2019, Algarin operated a tax fraud scheme to assist multiple contractors in the evasion of payroll taxes and workers’ compensation insurance premiums.

For his role in the scheme, he was paid a fee of nearly $2 million, which provided him with a lavish lifestyle, such as purchasing multiple luxury cars.

According to court documents, Algarin defrauded the federal government out of more than $3.5 million in tax revenues.

This case was investigated by the Internal Revenue Service – Criminal Investigation and was prosecuted by Assistant United States Attorney Chauncey A. Bratt.

Reed said Algarin’s sentencing is a demonstration of the IRS-CI’s dedication to investigating and building a just and impartial tax system in which all businesses can operate.

» …
Read More

Latest articles

Related articles