Owner of Wichita aerospace company pleads guilty to filing a false tax return

Gavel (KSN News)

WICHITA, Kan. (KSNW) – The owner of a Wichita-based aerospace company pleaded guilty Monday to filing a false federal tax return.

John J. O’Neill, 62, Wichita, president of Omni Aerospace, Inc., pleaded guilty to one count of making a false statement on a federal tax return. In his plea, he admitted he filed a return seeking s special depreciation allowance of more than $2.7 million to which he was not entitled.

The judge will determine at sentencing how much O’Neill owes in taxes. Sentencing is set for Jan. 17, 2017. He faces a penalty of up to three years in federal prison and a fine up to $250,000.