PORTLAND – The former president of a poker chip manufacturing company is facing up to 10 years in prison for tax evasion.
A Cumberland County Jury has found 66-year-old John Kendall of Falmouth guilty of four charges all related to tax evasion. Kendall was running Chipco international, based in Yarmouth, when he diverted funds that were withheld from employees as income tax – to pay for business and personal expenses.
Kendall also conspired with an employee to evade payment of withholding taxes by paying certain management employees “off the books.” Six other employees of the company have pleaded guilty to theft of unemployment benefits or tax evasion.
Kendall remains free on bail pending sentencing next month.