Thibodaux Man Charged with Failure to Account for and Pay Taxes
Published 6:40 am Friday, November 18, 2022
NEW ORLEANS – United States Attorney Duane A. Evans announced that CORNEL MARTIN, SR. (“MARTIN”), age 61, of Thibodaux, Louisiana, was charged on November 17, 2022, with failing to account for and pay over federal income taxes and Federal Insurance Contributions Act (“FICA”) taxes, in violation of Title 26, United States Code, Section 7202.
According to the one count indictment, MARTIN conducted a business as a limited liability company under the name “Global Workforce, LLC”. During the first quarter of the year 2019, MARTIN collected federal income taxes and FICA taxes in the approximate sum of $67,211 from his employees but did not pay any of that money to the Internal Revenue Service.
If convicted, MARTIN faces a maximum sentence of five (5) years. Upon release from prison, MARTIN also faces a term of supervised release of up to (3) three years, and/or a fine of $250,000 or the greater of twice the gross gain to the defendant or twice the gross loss to any person under Title 18, United States Code, Section 371. MARTIN also faces payment of a mandatory $100 special assessment fee.
U.S. Attorney Evans reiterated that the indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
The U.S. Attorney’s Office would also like to acknowledge the work of the Internal Revenue Service on this matter. The prosecution of this case is being handled by Assistant U.S. Attorney Brandon Long.