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Author Topic: Exeter gun dealers face felony tax evasion charges  (Read 19889 times)

Offline bkoenig

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #40 on: January 28, 2014, 06:50:10 PM »
Saw that too.  LOL
I admit to be completely baffled as to why, when pulling in upwards of a million bucks a year, WHY wouldn't you pay the sales tax you COLLECTED............guess I simply value my freedom ( from jail.... ) too much to do anything as foolish as that

I was thinking the same thing.  I wonder if their personal finances were a shambles despite the high revenue (pure speculation).  That often leads business owners/managers to make some really stupid, desperate decisions.

Offline Gary

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #41 on: January 28, 2014, 09:22:00 PM »
As serious as this is, maybe a bit of levity?



« Last Edit: January 28, 2014, 09:31:07 PM by Gary »

Offline Randy

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #42 on: January 28, 2014, 09:28:58 PM »
Whatever the problem is, it is reflecting a negative on all firearm enthusiasts.
Let us never forget 9.11.01
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Offline bwarner

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #43 on: January 28, 2014, 11:33:00 PM »
If you have ever done business with him , he's a walking, talking rectum. I never had a problem with Hope. Oh well if convicted he can kiss his FFL and Class 3 licenses goodbye. Making that kind of money. You can't fix stupid.

Offline Lmbass14

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #44 on: January 29, 2014, 09:32:57 AM »
Wonder what's going to happen to all their inventory?  Sell to the public, goes back to the distributor, held for exhibit for the trail?  Any thoughts?

Offline bkoenig

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #45 on: January 29, 2014, 09:54:12 AM »
Wonder what's going to happen to all their inventory?  Sell to the public, goes back to the distributor, held for exhibit for the trail?  Any thoughts?

It would really suck if all their Pre-86 transferrable NFA items got seized and ultimately destroyed.  That stuff is irreplaceable.

Offline newfalguy101

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #46 on: January 29, 2014, 05:54:39 PM »
Seems like they should auction it off to recoup some of the tax money as well as the cost of the investigation/prosecution...........doubt the guns will be auctioned off though


Assuming they are found guilty......

Offline RedDot

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #47 on: January 29, 2014, 07:11:27 PM »
Seems like they should auction it off to recoup some of the tax money as well as the cost of the investigation/prosecution...........doubt the guns will be auctioned off though


Assuming they are found guilty......
Never happen

The Feds are involved... they never release guns to folks who aren't cartel thugs or terrorists...errr I mean Arab Spring freedom fighters ::)

Offline OnTheFly

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #48 on: January 29, 2014, 10:51:03 PM »
I spoke with a guy last night that had already paid for a suppressor. Said it was sitting in Exeter Arms safe. 

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Offline Gary

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #49 on: January 29, 2014, 11:49:25 PM »
I was working at an Omaha telephone company that was raided in 1990.  They had a telephone outbound department that was selling Irish sweepstakes tickets.  I guess that is not legal to do in Nebraska.  I was a department director in another department.

Every 3 letter agency in the nation, hit every door to our rather large complex, simultaneously.  It was like WWIII, and this was for selling lottery tickets at a telephone company.

I bet the folks at Exeter Arms, and the whole city of Exeter will not soon forget a raid that involves an establishment selling automatic firearms, and withholding income taxes.

I would like to see a video of that event. 

Offline bullit

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #50 on: January 30, 2014, 08:46:49 AM »
Unless I missed something, this appears (for now) entirely a STATE matter.  The STATE is who initiated the arrest and subsequent prosecution.  The 3 Letter FED agencies have all declined to comment, and I've read nothing in the complaint indicating them as a plaintiff.  Please correct me if I am wrong ....and yes I know how the law works and if they are convicted of a crime (i.e. felony) and the guns are "regulated" by the BATFE, etc, etc.

Offline CitizenClark

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #51 on: January 30, 2014, 10:02:05 AM »
Unless I missed something, this appears (for now) entirely a STATE matter.  The STATE is who initiated the arrest and subsequent prosecution.  The 3 Letter FED agencies have all declined to comment, and I've read nothing in the complaint indicating them as a plaintiff.  Please correct me if I am wrong ....and yes I know how the law works and if they are convicted of a crime (i.e. felony) and the guns are "regulated" by the BATFE, etc, etc.

This is my understanding as well.

Offline Chris C

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #52 on: January 30, 2014, 06:07:58 PM »
Unless I missed something, this appears (for now) entirely a STATE matter.  The STATE is who initiated the arrest and subsequent prosecution.

Hopefully they don't screw it up.  When the Fed's roll up usually there is no wiggle room.  State....meh anything's possible. 

Offline mike_p

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #53 on: February 01, 2014, 03:08:23 PM »
Has anyone gotten solid information from the BATFE on what will happen to those of us with items awaiting aproval on class 3 with Exeter Arms if Rob and Hope get convicted?

Offline Husker_Fan

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #54 on: February 01, 2014, 04:07:40 PM »
I'd be surprised if they cheated that much on their state taxes and were perfectly honest with the the federal taxes. I'm betting the IRS and ATF are looking through their books with a microscope.

Offline Toster

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #55 on: February 05, 2014, 11:27:35 AM »
Was out past there on Monday, and the shop was locked up tight.  Guns still on the wall just like you would see when they were open for business.

Offline Gary

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #56 on: February 05, 2014, 04:10:18 PM »
Was out past there on Monday, and the shop was locked up tight.  Guns still on the wall just like you would see when they were open for business.

Did you happen to get gas, or do business at another place in town?  I ask, because I wonder what the local buzz about the place is?    Would be interesting to ask a local, what is up with Exeter Arms?

Offline Chris C

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #57 on: February 05, 2014, 07:38:28 PM »
According to the Seward paper their next court date is Feb 7th so I'd watch the Seward paper, York paper, or Lincoln Journal Star for info if no one has any first hand knowledge. 
« Last Edit: February 05, 2014, 07:41:26 PM by Chris C »

Offline barmandr

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #58 on: February 08, 2014, 03:43:06 PM »
Any updates on the trial?

Offline 66bigblock

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Re: Exeter gun dealers face felony tax evasion charges
« Reply #59 on: February 18, 2014, 04:22:41 PM »
"Bullet Bunker" Bullet Trap for sale on Lincoln craigslist.

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66bigblock
I carry a gun because a cop is too heavy.  I carry a lot of ammo because I cant run very fast.