08 / 28 / 10

Maryland Used Car Dealer Sentenced for Failure to File Taxes

On October 2, 2009, in Baltimore, Md., Gino Jones was sentenced to 15 months in prison and one year of supervised release for failing to file tax returns for 2001 and 2002.  According to court documents, Jones operated a used car business under different names. He purchased cars at auctions, refurbished and then resold them on eBay.  The Internal Revenue Service (IRS) analyzed the data kept by eBay, bank records and business records of third parties to determine the profits Jones received from his sales of cars.  Records showed that Jones failed to file nearly $290,000 in additional taxable income with a tax liability of more than $69,000 for the two years.