Local Woman Pleads Guilty to Tax Evasion and PPP Loan Fraud

Mobile Users Click Here For Video Report

Orchard Park, NY (WNY News Now) – The President and CEO of Applied Sciences Group (ASG), based in Orchard Park, NY, has admitted to evading employment taxes and fraudulently obtaining a PPP loan, incurring a potential five-year prison term.

Julie Dotton, 51, of Buffalo and the head of Applied Sciences Group (ASG), headquartered in Orchard Park, New York, has entered a guilty plea for deliberately failing to accurately report and remit employment taxes.

Dotton held influential roles, including President, CEO, and majority shareholder of ASG, a firm primarily focused on software development. Additionally, she played a pivotal role as the founding partner of KRP Holdings (KRP), a partnership entity. Under legal mandates, businesses are obligated to accurately allocate income tax, social security tax, and Medicare tax from employee wages.

The investigation revealed that throughout the entire year of 2018 and the first three quarters of 2019, Dotton deliberately neglected to remit the trust fund taxes owed to the Internal Revenue Service (IRS) on behalf of ASG and KRP employees. This evasion resulted in a staggering loss of approximately $1,100,837 to the IRS. Dotton also confessed to securing a Paycheck Protection Program (PPP) loan valued at $117,277 from the federal government, despite lacking eligibility for the financial relief.

Dotton’s charge carries a maximum sentence of five years behind bars.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.