Tuesday, December 16, 2014

Forsyth County Business Woman Charged in State Tax Case

Dec 16, 2014

RALEIGH – A Forsyth County business owner was arrested Tuesday on felony tax charges filed by the North Carolina Department of Revenue.

Rhonda E. Reaves, 56, of 1398 Jonestown Road, Winston Salem, North Carolina was charged on December 16, 2014 with six counts of Embezzlement of State Property.

Arrest warrants allege that Reaves, owner of Future Young Scholars Child Development Academy, Inc. located in Winston Salem, aided and abetted the corporation to embezzle, misapply and convert to its own use $29,803.49 in North Carolina Withholding Tax during the period January 1, 2008 through January 31, 2014. During this period of time, Reaves held the position of President and was the responsible person of Future Young Scholars Child Development Academy, Inc., which was under a duty to collect, hold in trust, and remit North Carolina State Tax to the North Carolina Department of Revenue.

Reaves appeared before a Forsyth County magistrate and was placed under a $50,000 secured bond. A first appearance was scheduled for January 16, 2015 in Wake County District Court in Raleigh.

The charges against Reaves resulted from an investigation by a special agent with the Department's Criminal Investigations Section in Raleigh.

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