Date: November 20, 2023 Contact: newsroom@ci.irs.gov Columbus, OH — Daniel L. Speedy, of Cambridge, Ohio, was sentenced in U.S. District Court to 12 months and one day in prison for filing false income tax returns. Speedy pleaded guilty on December 1, 2021. According to court documents, from approximately January 2011 through July 2015 Speedy was contracted by the Guernsey County Community Development Corporation (GCCDC) to provide services, including as Contract Director, through his company Monster Management, LLC. During his time as contractor, Speedy controlled various financial aspects of the company. Speedy willfully failed to accurately report all the income he earned from various sources, including the GCCDC, on his U.S. Individual Income Tax Returns for tax years 2011 through 2015. For example, on his 2014 tax return Speedy reported $60,786 in total income when he should have reported at least $1,116,671.02. The omitted income included but was not limited to rental income, oil and natural gas royalties, income from overpayments on real estate sales, and gains on sales of real estate. As a result of Speedy filing false U.S. Individual Income Tax Returns, the IRS sustained a tax loss totaling nearly $625,000 for the tax years 2011 through 2015. "The defendant omitted income from a variety of sources," said Bryant Jackson, Special Agent in Charge, IRS Criminal Investigation, Cincinnati Field Office. "This case is a reminder that income derived from any source is subject to income taxes, and those who intentionally omit their income will face criminal tax prosecution." Kenneth L. Parker, United States Attorney for the Southern District of Ohio and Bryant Jackson, Special Agent in Charge, Internal Revenue Service Criminal Investigation, Cincinnati Field Office announced the sentence that was handed down by U.S. District Judge Michael H. Watson. The case was prosecuted by Assistant United States Attorney Jessica W. Knight and was investigated by special agents of IRS-Criminal Investigation. CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a more than a 90 percent federal conviction rate. The agency has 20 field offices located across the U.S. and 12 attaché posts abroad.
