Duson man sentenced to 12 months in prison for not paying nearly a quarter of a million dollars in taxes

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Duson man sentenced to 12 months in prison for not paying nearly a quarter of a million dollars in taxes

The following press release was published by the U.S. Department of Justice, Office of the United States Attorneys on March 29, 2017. It is reproduced in full below.

LAFAYETTE, La. - Acting U.S. Attorney Alexander C. Van Hook announced that a Duson business owner was sentenced Monday to 12 months and one day in prison for evading taxes for three years.

Larry J. Thibodeaux, 66, of Duson, La., was sentenced by U.S. District Judge Donald E. Walter on one count of attempting to evade and defeat payment of tax. He was also sentenced to one year of supervised release. The judge also ordered Thibodeaux to pay $248,777 in restitution and a $50,000 fine. According to the Nov. 16, 2016 guilty plea, Thibodeaux, who at the time of the offense was the president and sole shareholder of Thib’s Trailers in Duson, underreported taxes on IRS forms from 2012 to 2014. The corporate tax loss for the three years was $110,970, and the individual tax loss was $137,807 for a total loss to the U.S. Treasury of $248,777.

Internal Revenue Service (IRS) Criminal Investigations conducted the investigation. Assistant U.S. Attorney Daniel J. McCoy prosecuted the case.

Source: U.S. Department of Justice, Office of the United States Attorneys

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