New Hanover County Business Owner Charged in State Tax Case

Raleigh, NC

A New Hanover County businessman was arrested Monday on felony tax charges filed by the North Carolina Department of Revenue.

Steven Ronald Gibbs, 44, of 7317 Darden Road, Wilmington, was charged on June 24, 2019 with four counts of Embezzlement of State Property and four counts of Embezzlement of New Hanover County Property.

Arrest warrants allege that Gibbs, owner of Fermental, Inc., aided and abetted the business to embezzle, misapply, and convert to its own use $44,059.20 in State and New Hanover County Sales Tax during the period September 1, 2014 through September 20, 2017.  During this period of time, Gibbs was the responsible person of Fermental, Inc., which was under a duty to collect, hold in trust, and remit North Carolina State and New Hanover County Sales Tax to the North Carolina Department of Revenue. 

Gibbs appeared before a Wake County magistrate and was placed under a $50,000.00 bond.  A first appearance is scheduled for June 25, 2019 in Wake County District Court in Raleigh.

The charges against Gibbs resulted from an investigation by special agents with the Department’s Criminal Investigations Section in Raleigh.