Oklahoma Insurance Agent Headed to Prison for not Filing Tax Returns

An Oklahoma insurance agent has been sentenced to 24 months in federal prison for not filing his federal income tax returns.

Barry G. Brockman of Oklahoma City was sentenced for not filing tax returns for the calendar years 2003 and 2004, according to Sanford C. Coats, U.S. Attorney for the Western District of Oklahoma.

Since 1998, Brockman has worked as an independent insurance agent in Oklahoma City, Moore, and Norman, the U.S. Attorney’s Office reported. On April 14, 2010, Brockman was charged with willful failure to file a federal tax return for calendar years 2003, 2004 and 2005.

Court filings showed that Brockman earned more than $1.2 million in gross income from his insurance business during those three years, but did not timely file federal income tax returns. On Oct. 12, 2010, Brockman pled guilty to willfully failing to file a federal tax return for 2003 and 2004.

U.S. Magistrate Judge Doyle W. Argo recently sentenced Brockman to 24 months of imprisonment, followed by one year of supervised release. That sentence includes 12 months of imprisonment on both counts, to be served consecutively. In addition, Brockman was ordered to pay $241,406.21 in restitution to the Internal Revenue Service for taxes owed for 2003, 2004 and 2005.

These charges are the result of an investigation conducted by the Criminal Investigation Division of the Internal Revenue Service. The case was prosecuted by Assistant U.S. Attorneys Chris M. Stephens and Suzanne Mitchell.

Source: Office of the U.S. Attorney for the Western District of Oklahoma

Topics USA Agencies Oklahoma