Austin Computer Parts/Accessories Store Owner Pleads Guilty In Tax Case

In Austin, Richard Culleton, President of First E-Commerce, Inc. d/b/a Discount Electronics, faces up to five years in federal prison as well as restitution after pleading guilty this afternoon to evading the payment of an estimated $110,000 in corporate income taxes announced United States Attorney Robert Pitman and IRS-Criminal Investigation Special Agent In Charge Steve McCullough.

A two-count Information filed last week alleges that Culleton knowingly caused the filing of the Discount Electronics’ 2006 and 2007 tax returns which underreported the taxable income.  Culleton is currently on bond pending sentencing.  Sentencing is scheduled for 9:00am on June 6, 2013, before U.S. District Judge Lee Yeakel.

This investigation was conducted by the Internal Revenue Service-Criminal Investigation.  Assistant United States Attorney Dan Guess is prosecuting this case on behalf of the Government.