EYEWITNESS LOCAL NEWSFormer Mining Company Official Pleads Guilty To Income Tax Fraud
from Eyewitness News Online
Reported by: Jeff Morris
Web Producer: Jeff Morris
Reported: Jul. 10, 2013 5:23 PM EDT
Beckley, Raleigh County , West Virginia
The former president of New West Virginia Mining Company pleaded guilty Tuesday to federal income tax fraud amid jury selection to hear her case.
Brandy M. Horvath, 39, of Mercer County pleaded guilty in federal court in Beckley to income tax evasion, according to a news release from U.S. Attorney Booth Goodwin’s Office. Horvath also pleaded guilty on behalf of New West Virginia Mining to structuring cash withdrawals from the company bank accounts to avoid Internal Revenue Service reporting requirements.
In July 2007, Horvath was named New West Virginia Mining’s president and sole officer of the company by her longtime boyfriend for the purpose of concealing his interest in the company, the release said.
Horvath, aided by several associates, acknowledged that between March 2006 and December 2009, she structured at least $503,648 out of New West Virginia Mining accounts held at First Community Bank in Wyoming County. Horvath also structured at least $227,933 out of New WV Mining accounts held at Bank of America, at its Wytheville, Va., branch. As a result, New West Virginia Mining agreed to forfeit $731,581, including a 2011 Nissan 370z purchased by Horvath, to the United States as part of the corporate plea agreement.
Horvath faces up to three years in prison and a $250,000 fine when she is sentenced Nov. 14 by U.S. District Judge Irene Berger.
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