U.S. Justice Department sues Roger Stone over $2M in unpaid taxes

Marco Green
April 17, 2021

The Justice Department lawsuit was filed in federal court in Florida and argues that Stone's tax problems stretch back to 2007, when a $205,410 tax bill mushroomed with interest and late fees to a bill of almost half a million dollars.

The suit alleges that from 2007-2011 Stone and his wife underpaid their income taxes by $1,590,361. Stone and his wife then used Drake Ventures account to "fund a lavish lifestyle despite owing almost $2 million in unpaid taxes, interest and penalties", they wrote.

The civil lawsuit, filed in federal court in Florida, alleged that Stone and his wife, Nydia, used a commercial entity to "shield their personal income from enforced collection and fund a lavish lifestyle despite owing almost $2 million in unpaid taxes, interest and penalties".

'The Stones used Drake Ventures to pay Roger Stone's associates, their relatives, and other entities without providing the required Forms 1099-MISC (Miscellaneous Income) or W-2s (Wage and Tax Statement),' the court document reads.

According to the complaint, the Stones allegedly used the Drake Ventures account to pay for personal expenses like spa visits, haircuts, groceries, restaurants and dentist appointments.

The Stones used Drake Ventures to transfer $140,000 to Attorney's Preferred Title Inc.in February 2019 as a down payment to purchase their home and would deposit numerous checks naming Roger Stone as payee into Drake Ventures' accounts.

Days before he was scheduled to report to a federal penitentiary in Georgia, former President Donald Trump commuted Stone's 40-month prison sentence for obstructing justice, witness tampering and multiple counts of lying to Congress in Robert Mueller's investigation into Russian meddling in the 2016 presidential election.

Stone said his tax bill has been public knowledge for years and called claims of a lavish lifestyle "a laughable joke". "This is not news", said Stone, who addded that he and his wife were "financially destroyed" by the legal costs surrounding his trial, and are now "virtually bankrupt".

The lawsuit comes almost four months after Trump pardoned Stone following his conviction on charges of lying to Congress and witness tampering.

"I have continued to eke out a living through my company Drake Ventures".

Other reports by Click Lancashire

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