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Story
November 7, 1958
The Coastland Times
Manteo, Dare County, North Carolina
What is this article about?
Industrialist Samuel G. Jones Sr., president of Berkley Machine Works, indicted in Norfolk for evading over $275,000 in federal income taxes by falsifying returns for 1952-1954, both personal and corporate.
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SAM JONES SUED.
FOR HOLDING OUT
$275,000 TAXES
Falsification of Returns Alleged
For Himself and Berkley
Machine Works
Norfolk. - Industrialist Samuel G. Jones Sr. was indicted Tuesday on charges of evading more than $275,000 in federal income taxes.
The 65-year-old president of the Berkley Machine Works and Foundry Co., was accused of falsifying income figures on individual and corporate tax returns for the years 1952, 1953 and 1954.
Best known for his vigorous and colorful campaign against daylight saving time here a decade ago, Jones married a German woman at Swan Quarter a year ago. He lives in Princess Anne County, near Lake Smith, and maintains two huge mansions at Ocracoke.
He is a native of Hyde County.
A federal grand jury charged that Jones' actual personal income differed from the figure reported to federal tax authorities by these amounts: 1952, $36,375; 1953, $32,414, and, 1954, $149,928. The total difference in tax owed for the three years was $134,661, according to the indictment.
Corporate returns for the machinery firm showed income which differed from actual net income by these amounts, according to the charges: 1952, $76,413; 1953, $71,367, and 1954, $70,849. The indictment indicated a total corporate tax difference of $141,396.
FOR HOLDING OUT
$275,000 TAXES
Falsification of Returns Alleged
For Himself and Berkley
Machine Works
Norfolk. - Industrialist Samuel G. Jones Sr. was indicted Tuesday on charges of evading more than $275,000 in federal income taxes.
The 65-year-old president of the Berkley Machine Works and Foundry Co., was accused of falsifying income figures on individual and corporate tax returns for the years 1952, 1953 and 1954.
Best known for his vigorous and colorful campaign against daylight saving time here a decade ago, Jones married a German woman at Swan Quarter a year ago. He lives in Princess Anne County, near Lake Smith, and maintains two huge mansions at Ocracoke.
He is a native of Hyde County.
A federal grand jury charged that Jones' actual personal income differed from the figure reported to federal tax authorities by these amounts: 1952, $36,375; 1953, $32,414, and, 1954, $149,928. The total difference in tax owed for the three years was $134,661, according to the indictment.
Corporate returns for the machinery firm showed income which differed from actual net income by these amounts, according to the charges: 1952, $76,413; 1953, $71,367, and 1954, $70,849. The indictment indicated a total corporate tax difference of $141,396.
What sub-type of article is it?
Crime Story
Deception Fraud
What themes does it cover?
Crime Punishment
Deception
What keywords are associated?
Tax Evasion
Indictment
Falsification
Income Tax
Corporate Fraud
What entities or persons were involved?
Samuel G. Jones Sr.
Berkley Machine Works
Where did it happen?
Norfolk
Story Details
Key Persons
Samuel G. Jones Sr.
Berkley Machine Works
Location
Norfolk
Event Date
1952, 1953, 1954
Story Details
Samuel G. Jones Sr. indicted for falsifying tax returns, evading $134,661 personal and $141,396 corporate taxes over 1952-1954.