Jefferson City business owner pleads guilty to tax evasion
KANSAS CITY —A Jefferson City businessman pleaded guilty to tax evasion in federal court Tuesday.
According to a Missouri Justice Department press release, Ryan M. Phegley, 39, pleaded guilty after failing to pay taxes on more than $600,000 worth of income for three years.
Phegley was the owner of Phoenix Freight Lines Inc., a truck transportation service, from 2010 to 2014.
Phegley is subject to a sentence of up to five years in federal prison without parole.
Additionally, Phegley admitted from Jan. 2011 through April 15, 2012 he attempted to evade income tax owed for the year 2011 by using the Phoenix bank account to pay his personal costs, including, residential mortgage, and personal vehicles.
After today's plea agreement, Phegley is required to pay $152,570 in restitution to the Internal Revenue Service, and $31,604 to the Missouri Department of Revenue.
A sentencing hearing will take place after the completion of a pre-sentence investigation by the United States Probation Office.