clock menu more-arrow no yes

Filed under:

Draper fish farm owner must pay $121K for tax evasion

DRAPER — The owner of a Draper fish farm has been ordered to pay more than $121,000 for evading state taxes and pocketing state taxes paid by his employees.

Keith L. Price, 53, pleaded guilty Monday in 3rd District Court to one count each of tax evasion and unlawful dealing of property by a fiduciary, both third-degree felonies. In exchange for his plea, Judge Robert Faust dismissed one remaining count of tax evasion and one count of theft against the Vancouver, Wash., resident.

Price's company, Hi-Tech Fisheries, has operations in Washington state and in Draper. The Utah Attorney General's Office alleged that between 2003 and 2008, Price collected withholding taxes for multiple employees but failed to send those funds to the state of Utah. He also submitted false W-2 forms with fraudulent withholding tax amounts, according to prosecutors.

During Monday's hearing Faust ordered Price to pay $121,271 in restitution to the state, which includes the collected withholdings, interest and a 100 percent fraud penalty. Price was also placed on probation for three years and ordered to complete 200 hours of community service.

— Geoff Liesik