By Associated Press - Friday, February 23, 2018

ALBUQUERQUE, N.M. (AP) - An Albuquerque jewelry store owner has pleaded not guilty to federal charges accusing him of evading taxes by filing false returns, concealing business revenue and hiding money.

Gold and Silver Exchange owner David Castle pleaded not guilty Wednesday to an indictment’s one count each of tax evasion and obstructing internal revenue laws.

The indictment’s allegations include that Castle either failed to file returns or filed false ones for multiple years between 1992 and 2006 and that he used multiple bank accounts to conceal income and spending.

The obstruction charge alleges that Castle “deprived” the government of over $5.4 million of taxes but the tax evasion charge only cites $104,446 of evaded taxes.

An attorney representing Castle did not immediate reply to a request for a comment on the allegations.

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