ATLANTA (Nov. 25)—An Atlanta man who took money from investors by convincing them he could get them Goodyear tire dealerships was sentenced to a year and a day in prison on a tax violation. Michael E. Eakin, 57, claimed he would take investors' money to purchase Goodyear's truck tire alignment division, but instead pocketed the funds, according to the U.S. attorney´s office. Eakin pleaded guilty before the U.S. District Court for the Northern District of Georgia found Eakin guilty of one count of not paying $119,397 in income tax on those funds. "Goodyear was a victim in this case too, since it was their good name Eakin used to defraud investors," said a spokesman for the U.S. attorney's office in Atlanta.
Court convicts man for tax evasion in fraud case involving Goodyear
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].