Raymond Griggs, age 51, of Plano spent “tens of thousands of dollars for jewelry, travel, and flight lessons”, according to the Department of Justice.
Griggs, who was convicted of making a false statement on his income tax return, operated a tax preparation business, Griggs Financial, in the Dallas, Texas, area. While the firm had more than$1.3 million in income in 2013, he only reported. $340,000 to the Internal Revenue Service.
Evidence showed he underreported the business’ gross receipts by about $1 million for both 2011 and 2012.
Griggs faces up to three years in prison.