SPRINGFIELD, Mo. (AP) – A former business owner in southwest Missouri will
serve two years in federal prison for fraud committed to receive a $1.45 million
loan.
Federal prosecutors say 44-year-old Clinton Tackitt, of Republic, was
sentenced Wednesday for providing false information and failing to pay
employment taxes.
He also was ordered to pay $1.5 million in restitution to the Small Business
Administration, Guaranty Bank and the IRS.
Tackitt admitted he submitted false and incomplete information on an
application for a $1.45 million SBA-guaranteed loan for his business, Allied
Roofing Systems, in May 2012. He also failed to disclose that his company was
heavily in debt and about to file for bankruptcy.
Tackitt also admitted that he didn’t pay $262,000 in payroll taxes and $395,0
in the employer’s share of FICA taxes.
WebReadyTM Powered by WireReady® NSI