February 27, 2024 11:20 am
Ex-business owner convicted of tax fraud and sentenced to prison

In Rapid City, South Dakota, Asher Wagh, the owner of an ammunition component manufacturing business, was sentenced to federal prison for failing to pay $273,000 in payroll taxes to the government. Chief Judge Roberto Lange ordered him to serve 14 months in prison followed by two years of supervised release.

Wagh, who was also a co-owner of the company, withheld money from employees’ paychecks between 2015 and 2017 without paying it over to the IRS. According to court documents, he spent some of the money on his own personal use. In February 2021, a federal grand jury indicted Wagh on 10 counts of failure to withhold, properly account for, and pay over tax. The company dissolved in July 2022 and Wagh pleaded guilty to one of the charges in October 2023. In exchange for his guilty plea, the government dropped the other nine charges.

At sentencing, Wagh faced a maximum of five years in prison and a $250,000 fine with up to three years of supervised release. He is currently being held at the Pennington County Jail awaiting transportation to a federal prison.

According to South Dakota crime statistics from the Office of Attorney General for more information contact Shalom Baer Gee at sgee@rapidcityjournal.com.

Leave a Reply