Trucking Company Owner Pleads Guilty to Tax Fraud

Updated 17 weeks ago From a Release by U.S. Attorney's Office for Southern District of WV

Charleston, W.Va. – The owner of a trucking company in southern West Virginia pleaded guilty  for failing to collect and pay federal employment taxes announced United States Attorney Booth Goodwin.  Richard L. Bailey, Jr., of Fayetteville, West Virginia, pleaded guilty to two federal tax charges.

Bailey owned and operated Duster Trucking Company, LLC, a coal hauling business in the Fayetteville area.  Bailey was required to deduct income taxes, social security taxes, and Medicare taxes from his employees’ wages, and to pay these taxes to the federal government.  In 2009, Bailey failed to collect and pay employment taxes in the amount of $16,170.23.  In 2010, Bailey again failed to collect and pay employment taxes of $9,155.99.

Bailey is scheduled for sentencing on October 1, 2014.  For each offense, Bailey faces a maximum sentence of five years in federal prison.

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