John Comeau, CEO of Vivid Inc., was sentenced to one year and one day in prison for failing to pay over $1 million in employment taxes to the IRS from 2010 to 2019. He filed false quarterly employment tax returns and underreported Vivid's wages by more than $5 million. Comeau misled employees about their wages and used withheld funds to support a luxurious lifestyle. In addition to prison time, he must complete three years of supervised release and repay $1.15 million in restitution to the IRS.
John Comeau, the CEO of Vivid Inc., was sentenced to prison for failing to pay over $1 million in employment taxes to the IRS from 2010 to 2019.
Comeau not only failed to remit withheld tax money but also filed false quarterly tax returns, underreporting company wages by over $5 million.
He misled employees with inaccurate tax forms about their wages and utilized withheld funds to support a lavish lifestyle, including luxury cars and a $3 million home.
A federal judge sentenced Comeau to a year in prison, followed by three years of supervised release, and ordered him to pay $1.15 million in restitution.
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