Volume 50, Issue 4 - April 2015
Dlubaks Deny Allegations by Plan Administrator in Bankruptcy Case
In February, the plan administrator for Dlubak Corp.’s ongoing bankruptcy case filed a complaint in the United States Bankruptcy Court of the Western District of Pennsylvania against Frank and Ave Maria Dlubak “to avoid and recover fraudulent transfers.” The Dlubaks, the defendants in the case, have filed an answer and affirmative defenses, denying allegations of fraudulent transfers.
Texas-Based Glass Company
Owner Admits to Tax Fraud
The owner of Waco, Texas-based glass company Rocket Glass and Mirror pled guilty to tax fraud and making false statements to the government.
Douglas Lynn Lyon, 62, admitted to filing false tax returns and underreporting his business income from 2006-2012. Lyon entered his guilty plea February 26, and his sentencing is set for April 22 in the Western District of Texas.
According to court documents, “Lyon used generic invoices he obtained from an office supply store for these jobs rather than QuickBooks, which he used to record other jobs,” The Waco Tribune-Herald reports. “This process allowed Lyon to conceal the gross receipts from the cash tickets from Rocket’s in-house bookkeeper.”
Records that Lyon gave to a certified public accountant did not contain information about the “skimmed” receipts, which totaled $937,890 in payments over the six-year period and resulted in a federal tax loss of $285,808, according to the report.
Federal authorities allege that Lyon cashed the checks from the payments that were unaccounted for at the bank where Rocket’s business account resides. He then deposited the cash in increments at a different bank where he had a personal account and “used the funds concealed in this manner for his personal benefit.”
Lyon’s offense is punishable by a maximum of three years in prison and a fine totaling as much as $100,000, the report states.