GAINESVILLE, FLORIDA-- Douglas Allen Stone, 48, of Gainesville, pled guilty yesterday to three counts of filing false tax returns.
Stone, the former owner of the Gainesville bar and pool hall known as “Silver Q,” was indicted earlier this year on charges that he filed false tax returns underreporting income derived from his operation of this local bar. Yesterday morning, he pled guilty to charges that for the 2004, 2008, and 2009 tax years he filed false individual income tax returns in which he underreported total profits from Silver Q by approximately $180,000. Stone maintained two sets of books: one reflecting the bar’s actual income and the other containing the figures he reported to the IRS. Stone, in order to avoid detection, did not deposit all of the cash received from the business which was operated under the name Krymar, Inc., only depositing what was necessary to pay the expenses of the business.
Stone faces a maximum sentence of three years in prison on each of the three counts of conviction.
Pamela C. Marsh, U.S. Attorney for the Northern District of Florida, praised the Internal Revenue Service Criminal Investigation, whose investigation led to the charges in this case.
The government’s case is being prosecuted by Assistant U.S. Attorney Herbert Lindsey.