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5/22/2013 1:14:00 PM
$300K fine imposed on Kingman day care tax evader

KINGMAN - Daycare owner Raycene Osterman on Tuesday was sentenced to 18 months in federal prison and ordered to pay more than $300,000 in back taxes.

Osterman, who operated three Kiddie Corral outlets as founder and president of parent company K-Top, Inc., admitted in federal court last November that, starting in 2003, she deducted taxes from employee paychecks but never remitted those taxes to the Internal Revenue Service. She also was repeatedly warned to pay up or face criminal sanctions.

The IRS warned the Kingman woman as early as 2005 that she could face criminal charges if she didn't make good on the back taxes.

See Thursday's Daily Miner for more on this story.

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Reader Comments

Posted: Friday, May 24, 2013
Article comment by: Tina Crosley

U know if people were collecting the money owed n to using daycare for there personal gain then maybe she would of had the money to pay the bills

Posted: Thursday, May 23, 2013
Article comment by: jack a lope

and where is the rest of her family, why are they not also sentenced

Posted: Thursday, May 23, 2013
Article comment by: Whew know its hard, but

I was self employed a for five years a decade ago. I had a good gig. A service industry company that is a vital link in Insurance claims.

Taxes were HIGH. I learned a tough lesson by paying the office staff cash. I covered their taxes for my first two years. Between that mistake and the 5k "working for yourself tax" I was paying 15-20k yearly.

For as long as this company has been functioning. I would say an intevention and book review were years overdue. Even having to Lose straight up and go bankrup on all levels is much much better then 18 months in Prison.

Somebody should have been doing something to prevent this going this long and ending this way.

Posted: Wednesday, May 22, 2013
Article comment by: V Stokes

Sounds about right. I knew an quite elderly female bookkeeper back in VA who embezzled over $250K from her part time employer over a period of 5 yrs. Mostly to give to her loser grandson which he spent on drugs and toys.

1 year in Fed lockup and restitution along with a $50K fine. And yes, they got her via the IRS vs criminal charges.

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