Lofty Pursuits Store Owner Arrested For Theft of State Funds

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Press Release: Florida Department of Revenue

Gregory R. Cohen, the owner of Lofty Pursuits and Infinite Illusions, LLC, a hobby store located in Tallahassee, Florida, has been arrested on charges that he stole more than $39,000 in sales tax he collected from customers, but failed to send in to the state, the Florida Department of Revenue announced today.

Mr. Cohen, 45, who also lives in Tallahassee, was arrested by the Tallahassee Police Department March 28, 2013 on felony and misdemeanor charges relating to theft of state funds, failure to file six consecutive returns and refusal to file returns and pay taxes due. If convicted, he faces up to 15 years in prison and up to $10,000 in fines, as well as, possible repayment of stolen sales tax, along with payment of penalty and investigative costs. Lofty Pursuits and Infinite Illusions is located at 1415 Timberlane Road in Tallahassee.

According to Revenue Department investigators, Mr. Cohen collected tax from customers at his store. However, during various periods beginning in 2010 and lasting through periods in 2012, he failed to send in to the state all of the sales taxes that were collected and failed to file tax returns as required by law.

“It is an honor to serve the vast majority of Florida businesses who comply with State tax requirements,” said Marshall Stranburg, Interim Executive Director, Florida Department of Revenue. “For those that don’t, it is our job to enforce the law and ensure honest businesses are not placed at a competitive disadvantage by those who ignore the law or intentionally collect and steal taxpayer dollars.”

If you have information about tax crimes, please call the Florida Department of Revenue Investigations office in Tallahassee at 850- 487-0461.

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