Canfield businessman charged by feds
CANFIELD – The owner of a Canfield company was named earlier this week in a federal information charging him with one count of failing to account for employment tax, according to the U.S. Justice Department.
Between 2008 and 2009, David Scott Owens, 62, of Columbus, through his Canfield, Ohio-based company, Advetech Inc., made payroll tax withholdings from his employees’ paychecks, but failed to pay over those withholdings to the IRS in the approximate amount of $570,000, according to the claims in the information.
Rather, during this period, Owens transferred hundreds of thousands of Advetech Inc. dollars to at least two other Canfield companies owned and operated by Owens, including Brixton Development Corp. and Preferred Communities Inc., from where he took hundreds of thousands of dollars in income for himself, according to the information.
The information was filed by Assistant U.S. Attorney Christos N. Georgalis after an investigation by agents of the the Internal Revenue Service and the U.S. Department of Labor, Employee Benefits Security Administration.