Shane August, the owner of a healthcare business, pleaded guilty to defrauding the IRS of more than 1.2 million dollars.
For years, August withheld employment taxes from his employees and then failed to pay over more than $900,000 to the IRS. Between 2014 and 2017 he reported personal income to the IRS of more than $900,000 but failed to pay the taxes on the income.
In order to hide his fraud, August hid personal bank accounts, used undisclosed accounts to conduct business, lied to IRS agents, maintained a cash lifestyle and diverted large sums of money to pay for personal expenses, including a building contract on a home and a luxury vehicle lease.
August owes more than $288,000 in personal income tax and faces a prison sentence of up to five years.
