Assistant U.S. Attorney John J. Field, who is handling the case, stated that Derouen operated a stock promotion business, OTC Advisors LLC. In 2009 and 2010, the defendant earned income of approximately $181,000 and $390,000. Derouen knew he was obligated to report this income to the Internal Revenue Service, and pay taxes on it, but deliberately failed to do so. As a result, the defendant has agreed to pay more than $460,000 to the United States for taxes he owes, plus penalties and interest on the unpaid taxes.
The plea is the result of an investigation by Special Agents of the Internal Revenue Service, Criminal Investigation Division, under the direction of Shantelle P. Kitchen, Special Agent in Charge.
Sentencing is scheduled for July 11, 2016 at 9:30 before Judge Feldman.
Source: U.S. Department of Justice, Office of the United States Attorneys
