DES MOINES, IA - On March 25, 2015, Jay A. Ochanpaugh, age 50, of St. Charles, Iowa, and formerly of Ames, Iowa, was sentenced by United States District Judge Stephanie M. Rose to 12 months and one day in federal prison for filing a false income tax return for the calendar year 2009, announced United States Attorney Nicholas A. Klinefeldt. Ochanpaugh will be required to serve one year of supervised release following his release from prison, and will be required to cooperate with the Internal Revenue Service to pay his tax liability. Ochanpaugh will be required to surrender to the United States Bureau of Prisons at a date to be determined.
In a written plea agreement filed Dec. 12, 2014, Ochanpaugh admitted that he filed false income tax returns for the calendar years 2007 through 2010, underreporting his business income, which resulted in a tax loss of at least $80,000. Ochanpaugh is in the insurance sales business, working for Ochanpaugh Financial Group, LLC, but he will not be permitted to continue to sell insurance as a result of this conviction.
This investigation was conducted by the Internal Revenue Service-Criminal Investigation, and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.
Source: U.S. Department of Justice, Office of the United States Attorneys
