Trucking Company Owner Avoids Prison Sentence After Scamming IRS
Fayetteville, AR – An owner of a trucking company and a foods service business who pleaded guilty to two counts of tax fraud last year has managed to escape prison time.
Donald Tankersley, 76, of Fort Smith, is the owner of the White Dairy Ice Cream Company, Inc. (WDIC) and retired from his position as C.E.O. in October of 2018.
WDIC also includes JR’s Trucking and Tankersley Food Service, which supplies food to restaurants, schools, and government entities in Arkansas, Texas, Oklahoma, Kansas and Missouri.
Last September, he entered guilty pleas on two counts of making and subscribing a false tax return.
Court records show Tankersley admitted to engaging in a scheme to defraud the IRS by having checks created from WDIC accounts and made out to fraudulent trucking companies.
He would then deposit those checks into his personal bank account.
He was facing up to 3 years in prison on each count.
On Monday, Tankersley was sentenced in U.S. District Court in Fayetteville to only three years probation.
He was also ordered to pay restitution in the amount of $188,198 and assessed an additional $100,000 fine.
More About The Scheme
IRS investigators discovered Tankersley siphoned funds from WDIC by having checks created from WDIC accounts and made out to non-existent trucking companies.
Tankersley admitted he collected and deposited the checks into his personal bank accounts, directed others to either deposit the checks into his personal bank accounts or cash the checks for his personal use.
According to prosecutors, more than $93,000 in fraudulent checks were written from January through November 2013 to companies with names such as: GRO Trucking, MSE Trucking, K&B Trucking, B&B Trucking and CY Trucking.
Individual check amounts ranged from $3,081 to $5,218, prosecutors said.
Further, court records indicate that in 2013, Tankersley falsified the corporate tax returns for WDIC by reporting the checks to non-existent trucking companies as corporate expenses.
As a result of the scheme, it reduced WDIC’s corporate tax liability and caused a tax loss for the 2013 WDIC corporate tax return, documents show.
Tankersley did not report these checks as personal income in 2013, despite many of them being deposited into his personal bank accounts.
Tankersley admitted in his plea that this false omission from his personal tax returns also resulted in a tax loss.
More On His Sentence
As part of his 3-year probation sentence, Tankersley will be on home confinement with electronic monitoring for the first two years.
He will also be required to complete 240 hours of community service and restrict his travel during that time.
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