No Widgets found in the Sidebar
Ex-business owner convicted of tax fraud and sentenced to prison

Rapid City Business Owner Sentenced for Payroll Tax Fraud

A Rapid City business owner, Asher Wagh, has been sentenced to federal prison for failing to pay over a quarter million dollars in payroll taxes to the government. Wagh, who co-owned the ammunition component manufacturing company, withheld money from employees’ paychecks between 2015 and 2017 and did not pay the IRS. According to court documents, he spent at least a portion of the money for his own personal use.

In February 2021, a federal grand jury indicted Wagh on 10 counts of failure to withhold, properly account for, and pay over tax. The company dissolved in July 2022, and Wagh pleaded guilty to one of the 10 counts in October 2023. In exchange, the government agreed to drop the other nine charges.

At sentencing, Wagh faced a maximum of five years in prison, a $250,000 fine and up to three years of supervised release. However, Chief Judge Roberto Lange sentenced him to 14 months in federal prison followed by two years of supervised release. Wagh was also ordered to pay over $273,000 in restitution to the IRS.

Wagh is currently held at the Pennington County Jail awaiting transportation to a federal prison. The Office of Attorney General provides South Dakota crime statistics for more information on this case or any other legal matter in Rapid City. To contact them, email Shalom Baer Gee at sgee@rapidcityjournal.com

By Editor

Leave a Reply