Local man convicted of tax charges - KPTV - FOX 12

Local man convicted of tax charges

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PORTLAND, OR (KPTV) -

A federal jury has convicted an Oregon City man in an elaborate tax evasion scheme.

Chester Evans Davis, 56, failed to file tax returns for years after he made millions through a software company he no longer owns.

According to the government, Davis earned millions of dollars in revenue from federal agencies such as the U.S. Army Corps of Engineers.

Court documents show that Davis used some of the money to buy more than $5 million in gold bars and coins.

Davis has been convicted of five counts of tax evasion, four counts of failure to file a corporate tax return and one count of obstructing the Internal Revenue Service laws.

The maximum penalty for each count of tax evasion is five years of imprisonment and a $100,000 fine.

The maximum penalty for obstructing the IRS laws is three years of imprisonment and $25,000 fine.

The maximum penalty for failure to file tax returns is one year of imprisonment and a $5,000 fine.

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