DENVER - A Monument healthcare products business owner and landlord has been indicted on charges of tax evasion and failure to file personal tax returns, according to the U.S. Attorney's Office in Denver.
Prosecutors said Craig Walcott tried to evade payment of his 2005, 2006, and 2007 federal income taxes, and failed to file his 2012, 2013, and 2014 personal tax returns. He was indicted by a federal grand jury on January 24.
if convicted of tax evasion, Walcott faces up to five years in prison. He faces up to one year in prison for each count of failure to file personal tax returns. If convicted, he could also face a period of supervised release, restitution, and fines.