W. Pa. Optometrist Gets Prison In Federal Tax Case
PITTSBURGH (AP) – A southwestern Pennsylvania optometrist has sold expensive cars, a Miami condominium and liquidated his savings to pay about $661,000 in interest, penalties and income taxes – including $221,000 in taxes he evaded from 2001 to 2004 by using an offshore business.
But Senior U.S. District Judge Alan Block decided Thursday that 65-year-old David Alan, of Rices Landing, still needs to spend 21 months in prison, too.
Federal prosecutors say Alan hid his income by setting up a Caribbean business called Dynasty, through which he made business purchases for his practice, which had offices in Masontown, Connellsville and Waynesburg.
Alan took inflated tax deductions for business expenses through Dynasty, and covered living expenses with credit cards paid by the offshore firm. The judge called it a “sophisticated, premeditated scheme.”
Alan told the judge “I messed up.”