Clarksville man faces prison time for $1M tax fraud scheme

  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

A Clarksville-based private investigator has been sentenced to nine months in federal prison after pleading guilty to a $1 million tax fraud scheme.

The U.S. Attorney’s Office for the Southern District of Indiana said Tracy Leonard hid income from the IRS for five years.

The IRS said Leonard cashed 186 business income-related checks at a check cashing business, rather than depositing them into a bank account.

Many of the checks were typically over $25,000 and sometimes more than $50,000, according to the U.S. Attorney’s Office.

The Justice Department said there was a “significant discrepancy” between the amount of the checks received and cashed and what Leonard reported on his federal income tax returns.

The IRS said Leonard owes more than $300,000 in back taxes. Restitution will be set in a future court date.

Please enable JavaScript to view this content.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}