2012-07-12 / Front Page

Mahopac man sent to jail for sales tax fraud

Collected, but didn't submit, more than $1M in taxes
Eric Gross

A Mahopac man will be spending the next six months at the Putnam Correctional Facility after being sentenced on felony sales tax charges for collecting more than $1 million in state and local sales tax from customers but failing to remit the money to New York State and Putnam County over a five year period.

William Dring, 54, and his former company, Taconic Stone also known as Putnam Stone and Mason Supply in Kent, were sentenced Monday by Putnam County Judge James Rooney in a plea bargaining agreement.

Earlier this year Dring copped a guilty plea to one count of grand larceny for not remitting more than $1 million in sales tax receipts from March 2005 to February 2010. He had faced up to seven years in state prison should the case had gone to trial and he was found guilty.

As part of the sentence imposed by Judge Rooney, Dring and Taconic Stone were ordered to pay more than $1 million in criminal restitution to the state.

NYS Department of Taxation and Finance Commissioner Thomas Mattox commended both District Attorney Adam Levy and his chief assistant district attorney Christopher York for their aggressive prosecution of the case: "Customers trust that businesses collect sales tax on behalf of state and local governments. When a business uses these funds for other purposes, it is violating that trust and creating an unfair advantage over law-abiding businesses."






Return to top

Click here for digital edition
2012-07-12 digital edition

Weekly Quotation

‘No winter lasts forever; no spring skips its turn.’ ~Hal Borland