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Florida Man’s Tax Fraud Scheme Ends With Prison Time
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Subscribe08 DEC 2025 / ACCOUNTING & TAXES
Former Maine resident, Paul Archer, has been handed a two-year prison sentence and three years of supervised release for tax evasion and fraudulent concealment in bankruptcy. Archer attempted to hide millions of dollars from his online marketing business behind shell companies, family bank accounts, and cryptocurrency exchanges, leading to an IRS audit and a tax bill of roughly one million dollars, which he attempted to evade payment of.
Paul Archer thought he had found the perfect hiding spot for a million-dollar tax bill. Spoiler: he hadn’t. The former Maine resident turned Florida man tried to tuck his cash behind shell companies, family bank accounts, and a couple of crypto exchanges...
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