(RELEASE FROM OFFICE OF U.S. ATTORNEY JOHN W. VAUDREUIL, WESTERN DISTRICT OF WISCONSIN)--
Jared Jerome Hart, 35, Altoona, Wis., is charged with four counts of filing false corporate tax returns and one count of structuring financial transactions. The indictment alleges that between 2008 and 2011, Hart, the owner and sole shareholder of J&L Corporation of Eau Claire, which did business as the The Pickle Bar, underreported the gross receipts for the business in his Corporation Income Tax Forms for the tax years 2008, 2009, 2010, and 2011.
The indictment also charges Hart with structuring currency transactions with financial institutions from 2008 to 2011, to avoid the requirement of filing Currency Transaction Reports with the U.S. Treasury for cash transactions in excess of $10,000.
The indictment also seeks the forfeiture of $1.6 million if Hart is convicted of the structuring currency transactions offense charged in the indictment.
If convicted, Hart faces a maximum penalty of three years in federal prison on each count of filing false corporate tax returns, and five years in federal prison on the structuring count. The charges against him are the result of an investigation by IRS Criminal Investigation. The prosecution of this case will be handled by Assistant U.S. Attorney Meredith P. Duchemin.
EAU CLAIRE, Wis. (WEAU)-- The owner of The Pickle bar in Eau Claire is facing federal charges for filing false tax returns.
The indictment says 35-year-old Jared Jerome Hart of Altoona reported earnings that were less than what the bar made in 2008 through 2011. It also claims Hart changed transaction amounts to avoid the requirement of filing reports with the U.S. Treasury for cash transactions more than $10,000.
If convicted, Hart could face 17 years in prison.