A trucking company owner has pleaded guilty to tax evasion after failing guilty to pay taxes on more than $600,000 in income in over three years.
Ryan M. Phegley, 39, of Jefferson City, Missouri, pleaded guilty in federal court this week, according to a Department of Justice press release.
Phegley was the owner of Phoenix Freight Lines, Inc. from, 2010 to 2014.
In court, Phegley admitted that he had not filed individual or business, state or federal income taxes for 2011, 2012 and 2013 on $642,344 in earnings.
“Phegley also admitted that, from January 2011 through April 15, 2012, he willfully attempted to evade income tax owed for the year 2011 by using the Phoenix bank account to pay his personal expenses, such as residential mortgage and utilities, personal vehicles, and remodeling his residence,” the DOJ press release states.
Phegley was ordered to pay $152,570 in restitution to the Internal Revenue Service and $31,604 to the Missouri Department of Revenue.
In addition, Phegley is facing up to five years in federal prison.