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September 21, 2006

Coventry man sentenced in tax case

A Coventry man has been sentenced for filing a false federal income-tax return after he failed to report income he had earned from an Internet-based debt-elimination scheme. Edward Dacey must serve five months of home confinement and two years of probation, Senior U.S. District Judge George C. Smith ruled yesterday in Columbus, Ohio. According to court documents and testimony, Dacey was employed at Ridgewood Holdings, a business trust in Rhode Island. In 2004, Ridgewood marketed a debt elimination service over the Internet for an Ohio company. Dacey admitted that he did not report, on his return for 2004, about $122,000 in income that he received from Ridgewood in connection with the service. The IRS's Criminal Investigation unit investigated the case.

Posted by Neil Downing  at 1:21 PM | Permalink

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