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Home > Blogs > Dayton Courts: Legal and crime news > Archives > 2010 > February > 17 > Entry
Xenia man convicted of federal tax charge
DAYTON — A Xenia man pleaded guilty on Wednesday, Feb. 17, to one count of willfully filing a fraudulent federal income tax return with the Internal Revenue Service.
William Thurman II, 43, failed to report the commissions earned from the sale of investment opportunities as income on his federal income tax return, according to Carter M. Stewart, U.S. attorney for the Southern District of Ohio.
U.S. District Judge Thomas M. Rose set sentencing for April 29. Thurman faces a maximum prison sentence of 3 years and a fine of $100,000.
Between 2001 and 2005, Thurman sold investment opportunities in a series of business ventures, including Advance Process Technologies, New Process Technologies and Armadillo Oil, to southern Ohio residents, according to court documents. He received commissions for each sale.
Thurman failed to report the income that he had generated from these commissions on his 2001 through 2005 federal income tax returns.
Under the plea agreement, Thurman agreed to: — file complete and accurate amended federal income tax returns — to fully cooperate with the IRS in order to determine, calculate, and pay all income taxes, interest, and penalties due and owing to the IRS.
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