Greensboro Businessman Guilty of State Tax Charges
RALEIGH – A Greensboro businessman pleaded guilty Monday in
Wake County District Court to charges filed by the North Carolina
Department of Revenue.
Johnny Rex Cox, 59, of 1032 Christman Place, Greensboro, pleaded
guilty to aiding and abetting Gate City Staffing, Inc. to embezzle
$215,320.04 in North Carolina income taxes withheld from employees'
wages. Cox was the chief financial officer for Gate City Staffing
Inc. of Greensboro and was responsible for preparing and remitting
the withholding tax reports and taxes due to the Department of Revenue.
In a negotiated plea, Wake County Superior Court Judge Henry Hight
sentenced Cox to a 16-month minimum, 20-month maximum prison term.
The sentence was suspended and Cox was placed on supervised probation
for 60 months. Cox was ordered to serve a weekend in the Guilford
County jail as a special condition of probation. In addition he was
ordered to pay a $5,000 criminal fine and perform 50 hours of community
service. Cox was required to immediately pay $50,000 in restitution
to the Department of Revenue and must pay an additional $165,320.04
during his probation.
The charges against Cox resulted from an investigation by employees
of the Department of Revenue's Examinations and Collections Divisions
and a special agent with the Department's Criminal Investigations
Public Affairs Office
P.O. Box 25000, Raleigh, NC 27640-0001
An Equal Opportunity Employer
Last modified on:
10/31/07 03:44:05 PM.