DAVENPORT, IA – On December 21, 2015, William Peugh, 63, of West Burlington, Iowa, was sentenced by United States Magistrate Judge Stephen A. Jackson, Jr. to three years of probation, a $9,000 fine, and more than $164,000 in restitution to the Internal Revenue Service for willfully failing to file his income tax returns for tax years 2008, 2009, and 2010, announced Acting United States Attorney Kevin E. VanderSchel. Peugh also was ordered to pay $75 to the Crime Victims’ Fund.
Peugh owns and operates WWPeugh Sales, which generates income through the sale of machinery. The majority of Peugh’s income is from commissions paid by companies that manufacture industrial machines. Peugh also obtains income from his ownership interest in a business that owns and operates casinos. In 2008, 2009, and 2010, Peugh received income from manufacturers resulting in a tax due and owing to the Internal Revenue Service. Prior to the initiation of this prosecution, Peugh did not file income tax returns for those years.
On August 3, 2015, Peugh plead guilty to a three-count United States Attorney’s Information charging him with willfully failing to file tax returns.
This matter was investigated by the Internal Revenue Service – Criminal Investigation, and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.