A former Claremore businessman faces a federal tax evasion cost. Phil Albert can be accused of embezzling tens of millions from his former firm.
The embezzlement case dates again to 2019 and has not seen any motion in court docket in additional than a 12 months.
This new tax evasion cost was simply filed this week in US District court docket for the Northern District of Oklahoma and is Albert’s newest public drawback with cash.
Federal prosecutors mentioned over the course of seven years, Albert didn’t correctly report his revenue for the calendar 12 months of 2016.
Court data mentioned Albert turned in a false and fraudulent 1040 tax return to the IRS.
In an emailed assertion, Albert’s lawyer, Paul DeMuro mentioned, “Phil has been a leader in Oklahoma civic and philanthropic causes for many years. He looks forward to working with the government to resolve this case as expeditiously as possible.”
In a separate, civil lawsuit, Albert is being sued by the corporate he co-founded.
Pelco, a metal pole producer in Claremore, claims Albert spent greater than $7 million with out authorization between 2010 and 2019.
Pelco claims as a lot as $315,000 went to politicians and charities.
The lawsuit mentioned Pelco fired Albert instantly after the theft was found.
Court data present Albert is representing himself in that case, and nothing has moved ahead in court docket since 2021. However, it’s unclear why.
Albert served on the OU Board of Regents for 5 years earlier than resigning final January. He is scheduled to go earlier than a federal choose in Tulsa on Thursday for the tax evasion cost.
publish credit score to Source link