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May 22, 2013

Pinellas County Bicycle Shop Owner Arrested

Adam K. Schantz, the owner of Indian Rocks Beach Cycles, a bicycle repair and sales shop located in Indian Rocks Beach, has been arrested on charges that he evaded paying more than $4,000 in sales tax he collected from customers, the Florida Department of Revenue announced today.

Mr. Schantz, 42, who lives in Tierra Verde, was arrested by the Pinellas County Sheriff's Office, May 15, 2013, on felony and misdemeanor charges related to tax evasion and failure to register. If convicted, he faces up to 5 years in prison and up to $5,000 in fines, as well as, penalty and investigative costs. Mr. Schantz's bike shop is located at 1401 Gulf Boulevard, in Indian Rocks Beach.

According to Revenue Department investigators, Mr. Schantz collected tax from customers at his repair shop. However, during various periods beginning in 2011 and lasting through periods in 2012, he failed to register with the Department of Revenue and pay sales tax he collected from his customers.

“It is an honor to serve the vast majority of Florida businesses who comply with State tax requirements,” said Marshall Stranburg, 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 Clearwater at 727-507-6305.

Note: Due to the confidential nature of taxpayer records, generally the information found in this release is the only information available from the Department of Revenue concerning this matter. Other information may be available through the arresting agency and the local Clerk of Court.