This headline from the Associated Press was a bit startling.
WA yacht broker charged with felony theft of sales tax
Ronald J. Sperry is accused of failing to remit nearly $359,000 in sales tax he collected from late 2004 through 2007 on sales of yachts through Everett Yacht Sales and Hanan Yachts.
The charges were brought in Snohomish County Superior Court.
Charging papers say the 59-year-old Sperry reported about $5.5 million in sales to the Washington Department of Licensing, but less than one quarter of that to the Washington Department of Revenue.
Sperry is accused of pocketing the sales tax paid to him by customers of yachts he sold. He also is accused of underreporting the 10 percent commissions he made on those sales.
Felony theft of sales tax is punishable by up to 10 years in prison and a $20,000 fine.