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Metairie used car dealer arrested for tax fraud

3 years 10 months 1 week ago Wednesday, April 08 2015 Apr 8, 2015 April 08, 2015 3:57 PM April 08, 2015 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - A Metairie used car dealer faces felony charges for evading sales taxes on the purchases of a Ferrari and a classic Lincoln Continental.

Investigators with the Louisiana Department of Revenue said Wednesday that 60-year-old Joseph Wayne Leone bought the cars using his LDR Resale Certificate, which allows sales-tax exempt purchases that are intended for resale to customers. But he failed to pay sales taxes on the vehicles after registering them for his personal use.

Derek Parnell, executive director of the Louisiana Used Motor Vehicle Commission, said Leone's dealer's license has been revoked and they're further investigating his activities. More violations are pending, he said.

Leone was booked Tuesday into the East Baton Rouge Parish Prison on charges of theft, injuring public records and failing to account for state tax monies.

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