New York City businessman pleads guilty to tax evasion

 

Date: June 24, 2020

Contact: newsroom@ci.irs.gov

PITTSBURGH – Dean Britton of Edgeworth, Pennsylvania pleaded guilty today to tax evasion. U.S. District Judge Nora Fischer scheduled sentencing for Nov. 5, 2020.

According to court documents and statements made in court, Dean Britton worked in the New York City real estate industry negotiating high-dollar-value commercial ground leases. After Britton was contacted by the IRS regarding unfiled tax returns, from 2013 to 2017, Britton delinquently filed several years' worth of returns reporting that he owed more than $1.1 million in outstanding taxes. Britton did not pay the taxes he acknowledged he owed. Instead, he evaded his taxes by placing the title to his personal residence in his wife's name, using business bank accounts to pay his personal expenses, and directing income into new personal bank accounts he established after the IRS levied his prior account. During these years, Britton spent more than $1.46 million on personal expenses, including approximately $770,000 on real estate purchases, $240,000 in home rentals, $165,000 on financing an art gallery operated by his wife, $ 96,000 in home renovations, $74,000 in travel, $65,000 in country club expenses, and $50,000 in private school tuition.

At sentencing, Britton faces a maximum sentence of five years. Britton also faces a period of supervised release, restitution, and monetary penalties.

Special agents of IRS-Criminal Investigation conducted the investigation, and Trial Attorney Kimberly Ang of the Tax Division and Assistant U.S. Attorney Carolyn Bloch are prosecuting the case.