Norfolk, Va. – David Parker, owner of Rudee Inlet Jet Skis and Adventure Parasail, Inc., was sentenced to two years in prison for evading income tax assessment and payment.
Parker, 49, was ordered to pay $1,070,358.26 in restitution and a fine of $50,000.
Parker pleaded guilty on October 25, 2015.
Rudee Inlet Jet Skis and Adventure Parasail, Inc. provides jet ski rentals and parasailing tours at the Virginia Beach oceanfront to tourists and residents.
Court documents say Parker was also a partner at similar business in North Carolina, Duck Parasail, Inc.
Parker admitted that from 2005 to 2011, he did not file individual federal income tax returns and also declined to file business income tax returns after 2007.
Parker ignored attempts by the IRS to recoup his tax balance for several years.
In February 2012, an IRS Revenue Officer interviewed Parker about his failure to file individual income tax returns and his current finances. Parker did not disclose all of his assets to the office and said he had little money, thus could not pay his tax balance.
Instead of repaying his tax balance, Parker went to casinos in Florida and Atlantic City and purchased nearly $50,000 in chips.
Even after his meeting with the Revenue Officer, Parker continued to choose not to file his tax returns for the next several years.
The amount of money resulting from Parker’s failure to file individual and business income tax returns from 2005 through 2011 is over $1 million.