Owed the IRS More than $1.1 Million, but Spent Money on Country Club, Travel, and Private School Tuition
According to court documents and statements made in court, Dean Britton worked in the New York City real estate industry negotiating high-dollar-value commercial ground leases.
After Britton was contacted by the IRS regarding unfiled tax returns, from 2013 to 2017, Britton delinquently filed several years’ worth of returns reporting that he owed more than $1.1 million in outstanding taxes.
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Britton did not pay the taxes he acknowledged he owed. Instead, he evaded his taxes by placing the title to his personal residence in a nominee name, using business bank accounts to pay his personal expenses, and directing income into new personal bank accounts he established after the IRS levied his prior account.
During these years, Britton spent more than $1.46 million on personal expenses, including approximately $770,000 on real estate purchases, $240,000 in-home rentals, $96,000 in home renovations, $74,000 in travel, $65,000 in country club expenses, and $50,000 in private school tuition.
U.S. District Judge Nora Fischer scheduled sentencing for Nov. 5, 2020. At sentencing, Britton faces a maximum sentence of five years. Britton also faces a period of supervised release, restitution, and monetary penalties.
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