Former NC airline pilot sentenced for tax fraud

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Submitted: Tue, 09/11/2012 - 1:35am
Updated: Tue, 09/11/2012 - 1:36am

CHARLOTTE, N.C. (AP) – A former airline pilot from North Carolina has been sentenced to 10 years in federal prison after paying almost nothing in income taxes for more than a decade.

Prosecutors said Charles A. Davis of Mooresville failed to file timely tax returns from 1996 to 2007, despite earning up to $190,510 in annual salary. The former US Airways pilot was sentenced Monday in federal court.

Evidence introduced at trial earlier this year showed Davis also filed years of false returns requesting tax refunds of up to $1.5 million. While not paying his taxes, Davis drove a Ferrari and lived in a waterfront home on Lake Norman.

Davis has been ordered to repay $538,569 in restitution. He also owes more than $150,000 in back taxes to the state of North Carolina.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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