Man Sentenced To Three Years In Prison; Must Pay $40 Million To IRS


Man Sentenced To Three Years In Prison; Must Pay $40 Million To IRS

He submitted false information to disguise the amount of taxes he owed for a racing business.

A Kansas man was sentenced to 36 months in prison for tax fraud and ordered to pay $40 million in restitution to the IRS.

In November 2021, Scott Tucker, 59, of Leawood, Kansas, pleaded guilty to one count of filing a false or fraudulent tax return. According to court records, Tucker owned a professional auto-racing business called Level 5 Sports. On an income tax return in 2010, Tucker reported that Level 5 had approximately $18.3 million in gross receipts and approximately $17.5 million in expenses. Tucker admitted in a plea agreement to submitting false information to try to disguise the amount of tax due and owing.

A federal judge ordered Tucker’s 36-month prison sentence to be served concurrent with a previous conviction in New York. In 2018, Tucker was sentenced to 200 months in prison for operating a nationwide $3.5 billion internet payday lending enterprise that systematically evaded New York state laws.

“Mr. Tucker spent decades defrauding others through payday lending schemes and now a $40 million tax bill is due,” Special Agent in Charge Tyler Hatcher, IRS Criminal Investigation, said in a prepared statement. “In addition to the time he’s already serving, he’s now being held accountable for cheating the U.S. government and honest taxpayers.”[/vc_column_text][us_image image=”3531″][/vc_column][/vc_row]