A Monroe, North Carolina resident was sentenced today to 18
months in prison for attempting to interfere with the due administration of the
Internal Revenue laws, announced Principal Deputy Assistant Attorney General
Richard E. Zuckerman of the Justice Department’s Tax Division.
According to court documents, between October 2007 and
September 2011, Billy Darryl Floyd committed acts in order to obstruct and
impede the Internal Revenue Service.
These acts include filing false income tax returns, which falsely reported
that his income was zero. Additionally,
Floyd submitted fictitious “Surety Bonds” to the Internal Revenue Service (IRS)
attempting to satisfy his outstanding tax liability. Floyd also disrupted the IRS sale of property
seized from him to satisfy his outstanding tax liabilities by threatening IRS
employees conducting the sale and threatening to sue the buyer of the
property. At the sale, Floyd falsely
told potential buyers that the sale was illegal and that they would not receive
good title to the property. These actions caused IRS personnel to halt the
public sale of this property. Floyd’s
obstructive acts caused a tax loss of approximately $170,471.
In addition to the term of prison imposed, U.S. District
Court Judge Max O. Cogburn Jr. ordered Floyd to serve one year of supervised
release and to pay $170,471 in restitution to the IRS.
Principal Deputy Assistant Attorney General Zuckerman
commended special agents of IRS-Criminal Investigation, who conducted the
investigation, and Trial Attorney Gregory Bailey of the Tax Division, who
prosecuted the case.
Additional information about the Tax Division and and its
enforcement efforts may be found on the division’s website.
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