fintech / news / / Hartford Courant
Michael Joseph Meade, 61, of Old Saybrook and Chet Lee West, 70, of Nebo, North Carolina, were arrested Wednesday.
Michael Joseph Meade allegedly used cryptocurrency and family trust accounts to conceal business funds from the IRS.
KEY POINTS
- 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
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