An owner of companies that provide jets skis and parasailing tours at the Oceanfront pleaded guilty today to tax evasion after buying nearly $50,000 worth of casino chips as the IRS closed in.
David A. Parker, 49, admitted in U.S. District Court that he did not file individual federal tax returns between 2005 and 2011, and that after 2007 he declined to submit business income tax returns, according to the U.S. Attorney’s Office for the Eastern District of Virginia.
Parker owns Rudee Inlet Jet Skis and Adventure Parasail in Virginia Beach and was a partner at Duck Parasail in Duck, N.C., during the time he evaded taxes, the U.S. Attorney’s Office said in a statement.
He owes more than $1 million, according to prosecutors. As that figure piled up, Parker ignored multiple IRS attempts to recoup it, according to prosecutors’ summary of the case. That led to a February 2012 interview during which Parker misrepresented his assets and told the IRS officer “he had little money (and) thus could not pay his tax balance,” the release from the U.S. Attorney’s Office said.
“In the weeks after his meeting with the revenue officer, and rather than repay any portion of his tax balance, Parker traveled to casinos in Florida and Atlantic City where he purchased nearly $50,000 in chips,” the release said.
Parker will face a maximum of five years in prison at his sentencing, scheduled for March 2016.