Vermillion businessman sentenced on tax charge

Vermillion businessman sentenced on tax charge A 39-year-old Vermillion man was sentenced Sept. 16 to two years' probation and ordered to pay restitution of $27,942.24 after pleading guilty to one Class I misdemeanor count of failure to pay sales tax.

Mickey Lee Odens had originally been charged with three misdemeanor counts of failure to pay sales tax; three misdemeanor counts of failing to file tax returns; one Class 6 felony count of failure to file sales tax returns; and one Class 6 felony court of operating without a sales tax license. Odens agreed to plead guilty to one misdemeanor charge as part of a plea agreement.

Odens made full restitution to the state of South Dakota in the amount of $27,942.24 along with $2,000 in prosecution costs and posted a $5,000 bond for the purpose of re-establishing the license. Of the $27,942.24 paid in restitution, $25,096.99 went to the state of South Dakota for unpaid taxes, penalty and interest with the remaining $2,845.25 being paid to the city of Vermillion.

Odens is president of Innovative Financial Services, Inc., which provides bad check collection services in Vermillion. The charges against him stem from the operation of his business in April of this year.

The case was prosecuted by Special Assistant Attorney General Don Srstka and was investigated by the Department of Revenue and Regulation's Investigative Services Bureau.

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