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Lubbock Business Owner Sentenced for False Tax Return

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A Lubbock business owner has been sentenced for filing a fraudulent income tax return.

Richard Salinas, owner of All Quote Insurance in Lubbock, was sentenced Friday morning to six months in federal prison.

He was also ordered to pay $11,475 in restitution, following his guilty plea entered in April of this year.

According to court documents, Salinas under-reported his taxable income for tax year 2008, resulting in a loss of $11,475 to the Internal Revenue Service.

He claimed false wage expenses, which he knew would decrease his tax liability, and created false W-2 forms.

Salinas will surrender to the Bureau of Prisons on August 17th, 2012.

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