Charlotte Businessman Pleads Guilty To Felony Tax Charges

Date:  Feb. 17, 2009

RALEIGH – A Charlotte businessman pleaded guilty Monday in Wake County Superior Court to felony tax charges filed by the North Carolina Department of Revenue.

Paul Campbell Cole, 44, of 2610 Toddville Road, Charlotte pleaded guilty on Feb. 16, 2009 to one count each of embezzlement of state and Mecklenburg County sales tax.

Superior Court Judge W. Osmond Smith, III sentenced Cole to a 16-month minimum, 20-month maximum prison term. The sentence was suspended and Cole was placed on supervised probation for 60 months. He was also ordered to pay restitution of $36,686.03 to the Department of Revenue, perform 120 hours of community service, pay a $2,000 criminal fine, and file and pay all future taxes in a timely manner.

The state’s evidence showed that from April 1, 2002 through Jan. 31, 2008, Cole aided and abetted C & C Graphics of Charlotte, Inc. to embezzle and misapply $22,252.66 in North Carolina sales tax and $14,433.37 in Mecklenburg County sales tax. Cole is the president of C & C Graphics of Charlotte, Inc. located at 1418 Industrial Drive, Matthews.

The charges against Cole resulted from an investigation by the Department’s Charlotte Field Examinations Office and a special agent with the Department’s Criminal Investigations Division in Raleigh.

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