Louisiana Business Owner Pleads Guilty to Failing to Account for and Pay Taxes Totaling Over $750k

New Orleans, Louisiana – A Louisiana business owner has pleaded guilty to failing to account for and pay taxes totaling over $750k.

On March 16, 2023, United States Attorney Duane A. Evans announced that Rene Clement (“Clement”), age 76, of Houma, Louisiana, pleaded guilty on March 15, 2023, to failing to account for and pay federal income taxes and Federal Insurance Contributions Act (“FICA”) taxes, in violation of Title 26, United States Code, Section 7202.

According to court filings, Clement operated a limited liability company called Vinyl Products, LLC. Clement failed to account for and pay taxes on Vinyl Products totaling about $750,368.68 between 2014 and 2018.

Clement faces a maximum term of five years in pleading guilty. Clement faces a sentence of supervised release of up to three years, as well as a fine of $10,000 or the greater of twice the defendant’s gross gain or twice the defendant’s gross loss to any person under Title 18, United States Code, Section 3571. In addition, he must pay a $100 special assessment fee. The Honorable Ivan L. R. Lemelle scheduled sentencing for June 21, 2023.

The United States Attorney’s Office would also like to thank the Internal Revenue Service for its assistance in this matter. This case is being prosecuted by Assistant U.S. Attorney Maria Carboni of the Financial Crimes Unit.

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