Alabama Storeowner Sentenced To Tax Fraud
The owner of Fresh2Def Urbanwear has been sentenced to 18 months in federal prison for tax fraud and trafficking crimes.
Corey Bishop, 35, a resident of Birmingham, Alabama, was involved in trafficking fake Nike shoes from China, according to Alabama news source CBS42. Despite the items being illegal, Bishop still needed to pay taxes to the Internal Revenue Service. He did not report the vast majority of the income on tax returns from 2007 and 2008.
In total, Bishop shortchanged the IRS a total tax lost of nearly $76,000, the news source said. He reported more than $22,000 of the funds, when in reality, he earned a total of nearly $294,000.
"The sale of counterfeit goods undermines our economy and hurts legitimate businesses," Patrick Maley, an FBI Special Agent in Charge, told the news source. "U.S. consumers spending their hard-earned dollars deserve the full value of a genuine product."
Bishop's case was investigated by multiple organizations including the IRS, U.S. Postal Inspection Service, multiple Alabama police departments and the FBI.