John Comeau, CEO of Vivid Inc., was sentenced to one year and a day in prison for a scheme to avoid payroll taxes. From 2010 to 2019, he withheld Social Security, Medicare, and federal income taxes from employees but failed to send over $1.1 million to the IRS. He filed false tax returns underreporting employee wages by over $5 million. Comeau concealed this scheme with inaccurate tax forms for employees and funded a lavish lifestyle. In addition to prison time, he must pay $1,153,948 in restitution and serve three years of supervised release.
Prosecutors stated that John Comeau failed to pass along more than $1.1 million in collected withholding taxes to the Internal Revenue Service, which is critical for funding government programs like Social Security and Medicare.
In the decade-long scheme, Comeau controlled a total over $8.8 million in employee wages while filing false employment tax returns with the IRS, underreporting wages by more than $5 million.
Collection
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