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Naples Man Shocked to Learn IRS Frowns Upon Cash Mountains, Creative Accounting
đ° Naples Man Shocked to Learn IRS Frowns Upon Cash Mountains, Creative Accounting đ§đ¸
NAPLES, FL â In a plot twist absolutely no oneâleast of all the IRSâfound surprising, a Naples man has been sentenced to federal prison after attempting what can only be described as the DIY version of national economic sabotage.
Alexis Garcia, a once-proud manager of Tape Drywall Services Inc., pleaded guilty in August to conspiracy to defraud the United Statesâa charge that sounds almost classy until you read the details. đâď¸
đ° âItâs Not Stealing, ItâsâŚCreative Payroll Strategyâ
From 2017 to 2019, Garcia and his co-conspirator allegedly decided that payroll paperwork was optionalâmuch like using turn signals in Naples. Instead of paying workers through traditional methods (you know, the legal ones), they cashed more than 3,600 checks totaling $28 million.
Thatâs right. $28 million in checks. Cashed. As if they were running a currency exchange booth at Costco. đŚđ§žđľ
They then handed over the cash to company foremen to pay workers off-the-books, presumably with a wink and a nod and the occasional âForget you ever saw me.â đđ¤
đ§Ž IRS: âSo About That $4.2 MillionâŚâ
Of course, the IRS eventually noticed that Tape Drywall Services seemed to be operating on a tax plan best described as âLOL, no thanks.â
By failing to report cash wages and skipping out on withholding Social Security, Medicare, and federal income taxes, Garcia managed to stiff Uncle Sam out of over $4.2 million.
The IRS was not amused. (Shocking, I know.) đđşđ¸
âď¸ 30 Months of Reflection Time
A federal judge has now sentenced Garcia to 30 months in prison, which is about two and a half yearsâor roughly the amount of time it takes for Naples traffic on U.S. 41 to move one mile during season. đđ°ď¸
Heâll also be required to pay back every cent of the $4.2 millionâŚwhich should be easy, considering he definitely doesnât have any of it left stuffed in a drywall bucket somewhere. Definitely. Absolutely. For sure. đđŞŁđľ
đ Final Thoughts
While Garcia prepares for his federally funded getaway, let this be a reminder:
If youâre going to cash 3,600 checks totaling $28 million, maybeâjust maybeâfile the taxes.
Or at least pick a crime with fewer receipts. đđ¤Śââď¸