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Port Arthur man indicted on tax evasion charges, accused of not - 12 News KBMT and K-JAC. News, Weather and Sports for SE Texas

Port Arthur man indicted on tax evasion charges, accused of not reporting $361,000 income

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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.

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