On Friday, October 20, 2017, it was announced that a Little Rock resident had pleaded guilty to a two-count information charging him with operating an illegal gambling business and tax evasion. 75-year-old Allan Siebert pleaded guilty in front of Judge J. Leon Holmes. The defendant will be sentenced at a later date. He has been ordered to pay $331,821 in restitution and will forfeit two real properties and more than $1 million.
From August 2007 to May 2017, Siebert owned and operated the Chicot Game Room. The business used gaming machines that were illegal under Arkansas laws. Between 2012 and October 2016, the defendant avoided paying $331,821 in federal taxes owed. The defendant withheld cash from his business deposits, funneled business receipts into his personal properties and caused his accountant to provide false information for tax years 2012, 2013, 2014 and 2015.
The defendant will face a maximum of five years imprisonment for tax evasion. He will face an additional five years for conducting an illegal gambling business.
