He claimed he didn’t owe taxes, even though he earned more than $1 million from selling cars.
A Cincinnati used car salesman was found guilty at trial of six counts of tax fraud.
Gregory VanDemark, 64, was convicted of four counts of aiding and assisting in the filing of false income tax returns with the IRS, one count of structuring transactions to evade the reporting requirements, and one count of making a false statement.
According to court documents, VanDemark’s tax returns claimed he owed no taxes for 2013 and 2014, even though he earned $1 million per year from his used car business, Used Car Supermarket Inc. At the same time, VanDemark owned homes in Ohio and Florida.
He faces as much as three to five years in prison and fines of up to $250,000 per count.