Fla. Exec To Serve 10 Years, Pay $38M For Tax Evasion

Law360, New York (August 08, 2013, 7:49 PM ET) -- A Florida federal judge on Thursday ordered the former president of a concrete construction products manufacturer to pay $37.8 million in restitution to the Internal Revenue Service and to serve 10 years in prison for failing to file tax returns and interfering with tax laws.

U.S. District Judge Virginia M. Hernandez Covington sentenced John D. Stanton III, former president of Florida Engineered Construction Products Corp., which is more commonly known as Cast-Crete Corp., to three years in prison on one count of corrupt interference with Internal...
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