Lincoln County Businessman Pleads Guilty in State Tax Case
May 23, 2016
RALEIGH – A Lincoln County businessman pleaded guilty Monday in Wake County Superior Court to felony tax charges filed by the North Carolina Department of Revenue.
Cecil Dean Hastings, 59, of 300 Linwood Dr., Lincolnton, pleaded guilty on May 23, 2016 to six counts of Embezzlement of State Property.
Superior Court Judge Paul Ridgeway sentenced Hastings to a 16-month minimum, 29-month maximum prison term. The sentence was suspended and Hastings was placed on supervised probation for 60 months. Hastings paid $55,423 in restitution at the time of his plea. He was also ordered to pay a $15,000 fine and complete 50 hours of community service.
Information presented in court showed that Hastings, President of Specialized Transportation, Inc., and the manager of Transport Services Carolina, LLC, located in Lincolnton, aided and abetted the corporation and the LLC to embezzle, misapply and convert to its own use $55,423 in North Carolina Withholding Tax during the period January 1, 2009 through February 15, 2015. During this period of time, Hastings was the responsible person of the corporation and the LLC, and was under a duty to collect, hold in trust, and remit North Carolina Withholding Tax to the North Carolina Department of Revenue.
The charges against Hastings resulted from an investigation by a special agent with the Department’s Criminal Investigations Section in Raleigh.
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