Anderson CEO Arrested for Evading Taxes

South Carolina Department of Revenue (SCDOR) agents said they recently arrested an Anderson CEO and charged him with seven counts of tax evasion.

James Patrick Federspiel, 76, of Anderson, is president and part owner of various companies who earned a total of $6,333,157 from VOR Enterprises, LLC; Dawn International, LLC; and Carolina Consoles, Inc. from 2013 through 2019.

According to arrest warrants, Federspiel failed to file state income tax returns and claimed to be exempt from South Carolina taxes in statements to SCDOR agents. Over the seven-year period, he attempted to evade a total of $393,264 in state taxes.

If convicted, Federspiel faces a maximum sentence of five years in prison and/or a $10,000 fine per count. He is being held in the Anderson County Detention Center pending a bond hearing.