PITTSBURGH A scrap peddler is facing up to a year in prison after pleading guilty to tax evasion by failing to report more than $152,000 in receipts.
Hamzo Omerovic of Fargo, N.D., admitted in U.S. District Court to willfully failing to file an income tax return for 2006, according to the U.S. Attorney in North Dakota, a misdemeanor that is punishable by up to a year in jail and a fine of up to $100,000.
Omerovic, who operated under the name Scrap Metals, obtained metal in the area and sold it to metal recyclers, primarily in North Dakota and Minnesota, grossing more than $152,000 in receipts in 2006, according to an investigation by the Internal Revenue Services Criminal Investigation Division.
The estimated federal tax loss for sentencing purposes has been set at $30,000, although the actual tax loss to the IRS will be determined after Omerovic is sentenced. A sentencing date has not been set.
Omerovic could not be reached for comment.