Tuesday, May 28, 2013 | 4:45 p.m.
A Las Vegas pimp faces sentencing after he pleaded guilty Tuesday to tax evasion, the Internal Revenue Service announced.
Johnny Ray Taylor, 34, pleaded guilty in U.S. District Court in Las Vegas to one count of tax evasion for the 2010 tax year.
According to the plea agreement, Taylor received in excess of $230,000 in gross income for 2010 with a federal tax liability of at least $63,966. He admitted to using several means of hiding the income, including having third parties pay automobile lease payments, make rental deposits and payments on homes, and conducting financial transactions in cash. He also admitted, in the plea agreement, to deriving the income from pandering and living from the earnings of a prostitute.
Taylor has agreed to pay restitution to the IRS $117,559.82 for income earned in 2008, 2009 and 2010. He also faces a possible federal prison term.
Sentencing is schedule in October by U.S. District Judge Gloria Navarro.
The U.S. Attorney’s Office in Las Vegas is prosecuting the case with the assistance of IRS-Criminal Investigation and Metro Police’s vice unit.