A Coraopolis man is facing a two-year prison sentence after being convicted of filing a false tax return. According to a U.S. Department of Justice release, Albert Boyd Jr., 53, the owner of Boyd Roll-Off Services, Inc., was also hit with a hefty bill for restitution, topping more than $1 million, which U.S. District Judge Arthur J. Schwab mandated he pay.
The case, laid out by Assistant U.S. Attorney William B. Guappone, accused Boyd of bypassing the official channels for his business's earnings between 2017 and 2022 by shoveling cash payments and checks from the sale of scrap metal into peripheral bank accounts, which were not the primary business's reservoir. Judging from the DOJ's account, the repercussions of Boyd's actions were years in the making, yielding at least a $1,030,000 tax loss for Uncle Sam.
Repercussions in Boyd's case were no walk in the park. The sentence came down after careful examination of his business practices, where he ensured that the only reflected income on the business's tax returns was what ended in the business bank account, confidently ignoring the total sum of cash flow his metal scrap sales had amassed. This deliberate omission was the crux of his downfall.
The IRS Criminal Investigation unit's efforts are imperative in combating schemes that undermine the system. Their investigation led to Boyd’s successful prosecution, which U.S. Attorney Eric G. Olshan acknowledged and praised.
