By AccountingWEB Staff
On July 31, former IRS employee Richard Andersen pleaded guilty to concealing records for a private business he owned.
Prosecutors said 46-year-old Andersen of Franklin, Vermont, failed to turn over time cards and other records from a Sears Hometown Store he owned in St. Albans.
In early 2011, the state US Department of Labor began looking into Andersen's compliance with wage and hour regulations. It was during the course of that investigation, authorities said, that Andersen hid many subpoenaed records, which he later admitted to in court.
At the time of the investigation, Andersen was employed by the IRS as a fuel tax program investigator in Burlington.
In February, a federal grand jury indicted Andersen on four charges relating to obstructing a wage and hour investigation. He was suspended from the IRS when charges were brought.
Sentencing has been scheduled for November 26. Andersen faces up to twenty years in prison and fines up to $250,000.