April 22, 2013
Korney D. Jerry, the owner of Downsouth Urban & Fashion, Inc., a clothing store located in Royal Palm Beach, Florida, has been arrested on charges that he stole more than $14,000 in sales tax he collected from customers, but failed to send in to the state, the Florida Department of Revenue announced today.
Mr. Jerry, 32, who lives in Riviera Beach, was arrested by the Palm Beach County Sheriff's Office on March 21, 2013, on a felony charge relating to theft of state funds. If convicted, he faces up to 5 years in prison and up to $5,000 in fines, as well as possible payment of penalty and investigative costs. Downsouth Urban & Fashion is located at 6901 Okeechobee Boulevard.
According to Revenue Department investigators, Mr. Jerry collected tax from customers at his store. However, during various periods beginning in 2010, lasting through periods in 2011, he failed to send in to the state all of the sales taxes that were collected.
“It is an honor to serve the vast majority of Florida businesses who comply with State tax requirements,” said Marshall Stranburg, Interim Executive Director, Florida Department of Revenue. “For those that don't, it is our job to enforce the law and ensure honest businesses are not placed at a competitive disadvantage by those who ignore the law or intentionally collect and steal taxpayer dollars.”
If you have information about tax crimes, please call the Florida Department of Revenue Investigations office in Coral Springs at 954-346-2904.
Note: Due to the confidential nature of taxpayer records, generally the information found in this release is the only information available from the Department of Revenue concerning this matter. Other information may be available through the arresting agency and the local Clerk of Court.