# Michael Joseph Meade, 61, of Old Saybrook and Chet Lee West, 70, of Nebo, North Carolina, were arrested Wednesday.

*fintech · news · 2026-04-24 · Hartford Courant*

## Key points

- Michael Joseph Meade allegedly used cryptocurrency and family trust accounts to conceal business funds from the IRS.
- Meade established new business entities and accounts using false identification numbers and nominees to avoid detection.
- Meade and Chet Lee West allegedly conspired in 2021 to structure transactions specifically to obstruct IRS collection efforts.
- The indictment includes charges for supplying fraudulent tax documents to customers, resulting in false IRS filings.

**Companies:** Innovative Components LLC, Liquidlevel.com LLC
**Countries:** United States

[Read the full story on Hartford Courant](https://www.courant.com/2026/04/24/ct-business-owner-among-two-people-indicted-for-allegedly-trying-to-avoid-2-5m-tax-obligation/)

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