Assisted living exec admits to cheating on federal taxes
The chief executive of a bankrupt North Carolina corporation that ran a dozen assisted-living homes across North Carolina and South Carolina has admitted trying to cheat the federal government out of collected taxes.
Posted — UpdatedRonald Burrell of Wilmington agreed to plead guilty and is free without bond until his sentencing in April.
The chief executive of Leland-based Caremerica Adult Care Inc. pleaded guilty Tuesday to conspiring to commit tax fraud after investigators accused him of trying to avoid paying the government $4.5 million in employee income and Social Security taxes.
Prosecutors say Burrell falsely filed forms with the Internal Revenue Service reporting the corporation paid its tax bill.
WRAL News reported in 2006 that employees of The Meadows of WIlson, a facility owned by Caremerica, walked off the job because the company couldn't pay them.
The StarNews of Wilmington reported (http://bit.ly/A7wTR0) Burrell has agreed to pay $4.8 million in restitution.
The company's liquidation is pending in bankruptcy court.
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