A 44 year-old Port Arthur man has been indicted for income tax evasion. The indictment was announced Thursday by the office of U.S. Attorney John M. Bales.
Theodore Paul Victor, Jr., was indicted and charged with four counts of failing to report taxable income during the calendar years 2007 through 2010. Victor is accused of failing to report taxable income in excess of $361,000, leaving him with a tax liability of over $69,000.
If convicted, each count carries a maximum statutory penalty of five years in federal prison and a $250,000 fine. In addition, restitution could be ordered.
The case is being investigated by the Internal Revenue Service. The case is being prosecuted by Assistant U.S. Attorney John B. Ross and Special Assistant U.S. Attorney Catherine Cockrell.
It is important to note that an indictment should not be considered as evidence of guilt and that all persons charged with a crime are presumed innocent until proven guilty beyond a reasonable doubt.
Do you know of something that would be a good news story? Enter your email address and select "Submit" to send it to 12 News HD. You can also call the news tip line at 409-838-1212