YOUR BUSINESS AUTHORITY
Springfield, MO
Clint Tackitt, the former owner of a once fast-growing Springfield roofing company, was sentenced in federal court yesterday to serve two years in prison without parole.
Tackitt, who owned the now-shuttered Allied Roofing Systems, also was ordered to pay $1.6 million in restitution to the U.S. Small Business Administration, the IRS and Guaranty Bank, according to a news release from the office of Timothy Garrison, U.S. attorney for the Western District of Missouri.
Tackitt pleaded guilty last year to one count of making false statements on a loan application and one count of failing to pay employment taxes for Allied Roofing.
In May 2012, Tackitt applied for a $1.45 million SBA-guaranteed loan for Allied Roofing. In his guilty plea, he admitted to submitting a false and incomplete loan application to Guaranty Bank. Specifically, Tackitt lied about how much debt his company had incurred and failed to disclose that Allied Roofing was close to bankruptcy, according to the release.
Tackitt also admitted he did not pay $262,066 in payroll taxes collected from employees to the government. He also failed to pay the employer’s share of Federal Insurance Contributions Act taxes, totaling $395,699.
Allied Roofing Systems closed in November 2013 and, nearly three years later, filed bankruptcy, according to past Springfield Business Journal reporting.
Allied Roofing Systems ranked eighth on SBJ’s 2011 Dynamic Dozen list based on three-year revenue growth of 42 percent and 2010 revenue of $6.05 million.
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