CHARLESTON, SC (WCSC) - A Ridgeland businessman pled guilty in a Charleston federal court on Thursday for failing to account for and pay approximately $300,000 in federal taxes.
Antonio Noriega, Jr., owner of Ridgeland's Guerrero Construction, admitted that between 2004 and 2006, he failed to collect and pay the IRS federal income taxes withheld and Federal Insurance Contributions Act taxes due and owing for his employees.
He also admitted that he "failed to collect and pay more than $31,000 in these taxes for the final quarter in 2005," according to acting U.S. attorney Kevin McDonald's press release.
Noriega faces a maximum possible sentence of five years and a fine of $250,000. In addition to the fine, he must pay the costs incurred by the Government for his prosecution.