Thursday, December 6, 2012

Idaho Bar Owner Heading to Federal Pen for Tax Evasion

Posted By on Thu, Dec 6, 2012 at 8:56 AM

In March, Boise Weekly sat down to chat with Bryan Thiel, special agent with the U.S. Department of the Treasury, and Karen Connelly, regional media specialist for the Internal Revenue Service, who shared a few details of what they called their "most egregious cases."

"We indicted a bar owner from Fruitland," said Thiel. "He had about $1 million in profits, some legal and some illegal."

On Wednesday, that owner, 68-year-old Thomas Overstreet, owner of Club 7, was sentenced in Boise's U.S. District Court to spend 46 months in a federal prison. Following a lengthy investigation by Thiel and IRS agents, prosecutors claimed that Overstreet had been running an illegal gambling operation using video machines. He was also accused of not filing nearly a decade of tax returns, and evasion of paying more than $477,000 in taxes.

During Wednesday's sentencing, U.S. District Judge B. Lynn Winmill also ordered Overstreet to pay more than $1.5 million in restitution.

Tags: , ,

Pin It

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Note: Comments are limited to 200 words.

© 2015 Boise Weekly

Website powered by Foundation