Former CT man pleads guilty to tax evasion. He didn’t pay more than $1 million he owed.
A former Connecticut resident who now lives in Florida has waived his right to be indicted and pleaded guilty this week to tax evasion, according to federal authorities.
Danny D. Beeman, 66, now of Beverly Hills, Florida, made the plea before U.S. District Judge Victor A. Bolden in New Haven.
Authorities, citing court documents and statements made in court, said Beeman claimed to be the “originator and developer of computer software technology capable of compressing electronically-stored data.”
Beeman and others started a Connecticut company in 2012, to allow Beeman to develop “the compression software,” according to federal authorities.
From 2013 to 2017, the company paid Beeman about $316,000 to develop the software and, during this time, he submitted fake invoices to the company “seeking reimbursement for purchases of computer-related equipment that he never purchased,” according to federal authorities.
Beeman obtained about $2 million from the company as a result of the fake invoices, federal authorities said.
However, from 2013 to 2017, Beeman received a total of about $2.3 million from the company, and it was taxable income, federal authorities said. “Beeman also had long-term capital gains income of approximately $1.5 million resulting from the sale of shares in” the company and “never filed tax returns for any of those years, resulting in a tax loss to the Internal Revenue Service of approximately $1,054,032.”
Beeman faces up to five years in prison. A sentencing date has not been scheduled; he free pending sentencing.
The case was investigated by the Internal Revenue Service, Criminal Investigation Division.