A Lakewood man is facing federal charges for allegedly writing off luxury expenses and not reporting more than $2 million in taxable income.
According to the Department of Justice, 47-year-old Thomas Klocker was charged with four counts of tax evasion involving incidents from 2007 to 2010.
Authorities say Klocker was the sole shareholder and operator of All Metal Sales in Westlake. He also operated TT Charter Leasing, which was in the business of chartering the luxury yacht “Tommy Time."
Klocker allegedly diverted funds from All Metal Sales for his own personal use.
Fore example, the Department of Justice alleges that Klocker diverted funds to construct a waterfront home in Lakewood and to maintain his 68-foot Sunseeker yacht.
Officials say Klocker also owes at least $611,000 in taxes after underreporting his taxable income by more than $2 million in 2007, 2008, 2009 and 2010.