Calvin Phelps, who operated four tobacco sales businesses in Mocksville, N.C., pleaded guilty to three counts of wire fraud, contraband cigarette trafficking and money laundering in 2012. The Northeast Mississippi Daily Journal reports (http://bit.ly/1nX2ldA ) Phelps was sentenced Monday in U.S. District Court in Aberdeen, Miss.
Phelps was accused of bilking the U.S., Mississippi and some other states out of more than $4 million.
In his plea agreement, he admitted reporting that certain brands of cigarettes were to be exported and consumed outside the U.S., when, in fact, they were to be sold domestically.
The plea document states that from 2007 into 2009, Phelps sold some 16,022 cases of these cigarettes for $3.19 million through G-Corp and evaded nearly $5 million in fees and taxes.
Source and Full Story Here: http://www.sfgate.com/news/crime/article/NC-man-sentenced-for-role-in-tobacco-scheme-5346767.php
