MYRTLE BEACH, SC (WMBF) An Horry County accountant was arrested for reportedly not forwarding his clients' tax payments to tax authorities and pocketing nearly half a million dollars.
According to the South Carolina Department of Revenue, Richard Wayne Voltz, Jr., a local Certified Public Accountant, was arrested Friday on five counts of failure to remit a tax payment and two counts of income tax evasion.
Voltz was arrested by the SC Department of Revenue with assistance from the Horry County Sheriff's Office.
The SC Department of Revenue reports during the 2007, 2008 and 2010 tax years, Voltz advised clients to send money to the accounting firm with the impression that the funds would be forwarded for payment of the clients' income taxes.
Voltz failed to forward the payments to taxing authorities, accumulating to failed payments of over $480,000.
In addition, for tax years 2007 and 2008, Voltz failed to report on his individual income tax returns the money he failed to forward to the taxing authorities on behalf of his clients.
Voltz submitted 2007 and 2008 individual income tax returns showing he had no tax liability, resulting in his submission of fraudulent individual income tax returns. As a result of not reporting the $430,738 allegedly taken from his clients, Voltz evaded payment of $28,246 in taxes.
Voltz, 55, is currently being held at the J. Reuben Long Detention Center in Conway where he is awaiting a bond hearing. If convicted of all seven charges, he could face penalties of up to $45,000 in fines and/or 25 years in prison.