HOUSTON – The former owner of SPORTS @ THE B.U.S. has
been indicted on tax and bankruptcy fraud charges, announced U.S. Attorney Ryan
Todd Dixon will appear in court for a counsel
determination hearing today at 10:00 a.m. before U.S. Magistrate Judge Peter J.
A federal grand jury returned a four-count indictment
against Dixon Aug. 7, 2019, alleging three counts of filing false tax returns
and one count of bankruptcy fraud.
The Indictment alleges from 2004 until 2011, Dixon
operated the two sports bars - one located across from Minute Maid Park and the
other near the Toyota Center and filed for business bankruptcy during the 2011
Astros baseball season. After which, a local trustee was appointed
to administer the business estate and to pay creditors, according to the
charges. In 2013, Dixon also filed for personal bankruptcy.
According to the charges, Dixon concealed approximately
$170,000 from the trustee and creditors by taking cash from the businesses and
using it for his personal use and benefit. Dixon allegedly filed personal
income tax returns and did not report the true and accurate amount of income he
earned from the businesses.
The indictment further alleges that in 2013, Dixon filed
his personal 2010 and 2011 tax returns in which he falsely reported his total
income for each year, thereby under reporting taxes owed to the IRS. Similarly,
in 2013, Dixon under reported the amount of taxes he and his business partners
owed to the IRS after causing the trustee to file a false partnership return
that did not report approximately $207,326 in earnings.
If convicted of filing a false tax return, he faces up to
three years in prison, while a conviction for bankruptcy fraud carries a
possible five-year-maximum term.
IRS-Criminal Investigation conducted the investigation.
Assistant U.S. Attorney Quincy L. Ollison is prosecuting the case.