Fairfield man indicted for failing to pay over $2 million in employment taxes
Beckwith stated that, according to court documents, between January 2018 and December 2022, Felfin owned and operated five home health care businesses that made over $2 million in employment taxes. The tax liabilities stem from amounts Delfin withheld from his employer's paychecks.
Folsom PD investigates two unrelated fatal crashes within 9-hours
Instead of Delfin paying the employees' withholdings to the IRS as required under the law, he retained them and used the money to purchase luxury items, including a Lamborghini, jewelry, and real estate, according to Beckwith.
According to officials, if Delfin is convicted, he will face a maximum statutory penalty of five years in prison and a $250,00 fine for each charged count, and any other sentence would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines.
'The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt,' officials said.
Authorities stated that this case is being handed over to the IRS Criminal Investigation and the Department of Health and Human Services, Office of Inspector General.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Lamborghini's new $380K hybrid supercar redefines luxury tech
Lamborghini's new hybrid supercar, the Temerario, blends electrification with extreme performance — all for just $380,000. Yahoo Finance Senior Reporter Pras Subramanian joins Asking for a Trend to share insights from his interview with Lamborghini president and CEO Stephan Winkelman. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Ultra luxury car maker Lamborghini is out with its new hybrid vehicle with a price tag of $380,000. And our senior Autos reporter Pras Subramanian spoke with the company's president and got to drive the car. Pras, welcome. Yes, yes. The new Lamborghini Tamburario is out, the hybrid supercar. Now, so they've now fully electrified their line with hybrids. You know, Lamborghini was supposed to actually put out an EV pretty soon, but they've sort of had to dial that back a little bit. And, you know, before we got a chance to drive the car, I spoke to CEO Stephan Winkelmann about their EV plans. We've seen a number of companies, including yours, kind of push back the full EV timeline. What's the latest on that? Well, we decided two things after looking into the acceptance curve of battery electric vehicles, which is flattening in comparison to the previous, you know, thoughts of the global automotive industry. And therefore, also for us, it's lowering the expectation in terms of growth rate. So we decided that the follow-up of the Urus PHEV will be again a plug-in hybrid car. And then we postponed our first model a bit to understand when is the right time to come with it. So it still makes some sense for BEV in the luxury world, potentially? Potentially, but we have to see as we said here, we have to come not when the technology is ready, but when the time is ready and when it's going to be successful and when the customers are accepting it. And this is paramount for a company like ours, because we are delivering dreams and not mobility. Yeah, so delivering dreams versus mobility. They're not a mobility company. They're, you know, they're an emotional performance company. So actually, that combined with, you know, the EV story, combined with tariffs, that's been a thing that's been coming up for really expensive cars, you know, how do you handle that? What they've been doing is they've been absorbing a lot of that cost and passing on some of that to their customers. They think it's unfair to pass the whole cost down. So that's part of the sort of business decision there with the company. Then we have the new trade deal, so that's going to help them out. Uh, you know, secondly, I kind of asked about sort of the future of the company and where they kind of see this luxury EV maker, I'm sorry, luxury automaker, where they see themselves. And here's what he had to say. What do you see the next 20 years bring to Lamborghini? Lamborghini is not about volumes, no. It's about how much you earn that you can reinvest in a newest technology for the future. Because the world is more complex, life cycles are shortening, investments are getting higher, technology is evolving faster. So you have to keep up with it and so we have to grow in terms of awareness, image, and to have a solid customer base, which is appreciating our cars also in 20 years from now. And this depends a lot on us if we keep up with the newest technology, but if we continue also to be trendsetters. You know, despite some of these issues with electrification, tariffs, some sort of global uncertainty here with higher rates, things like that, Lamborghini still had first half sales a little bit higher compared to last year, which is more than you can say about a lot of luxury automakers who have been suffering recently. What about the new car? You test drove it. How did it feel? Uh, the new car is simply, I guess, pretty astounding. The predecessor was called the Huracán. This new Tamburario is 1,000, I mean 900 horsepower, almost 1,000 horsepower, right? A V8 that goes to 10,000 RPM, right? But what's really interesting about this car is that it has, it's electrified. So it has two motors in the front, right? That drive each front wheel. So basically when you kind of go around turns, it'll spin the outside wheel faster, kind of move the car around. So you almost feel like you can do anything in this car, right? Like you can go 200 miles an hour, hit the brakes, turn right really hard, and the car will do it. It's kind of like almost like magic, trickery, alien technology, whatever you want to call it. Uh, this car sort of has it all and it's super fast. I will say that because of the turbo technology and the electric motors, it's not as loud as the predecessor was, the V10, howling V10. This engine can get pretty loud, but if you're driving 10,000 RPM at that speed, you shouldn't be on any local roads. Who is, who do they take it on? Who's the rival for this new car? So Lamborghini and Ferrari have been locked in battle for a while now. Ferrari would say we're one of one Lamborghini, they're just, they're not our competition, but in reality, they really are. Uh, you have Aston Martin, right? You have McLaren. You have cars up this level, up this price, performance-wise. I've not driven the Ferrari 296, but I've heard that that car is sort of the pinnacle, and the Tamburario is probably there, if not, maybe surpasses it, I'm not sure. I've got to drive it. Yeah. Next assignment, that's what it is. Thank you, Pras. Related Videos Ford posts Q2 beat, but warns of tariff impact Boeing Q2 earnings preview: Tariffs & Air India crash in focus Labor data: Jobs report preview & immigration policy's impact Trump Gives Mexico 90-Day Reprieve from Tariffs Sign in to access your portfolio
Yahoo
13 hours ago
- Yahoo
A Worker Says Their Boss Just Bought A Ferrari And A New Urus For His Teen Daughter. Meanwhile, Employees Were Denied A Cost Of Living Raise
One worker's Reddit post is drawing outrage after revealing the stark contrast between their boss's lavish spending and how he treats his staff. According to the recent post on r/Anticonsumption, the company owner recently purchased a Ferrari for himself and a brand-new Lamborghini Urus for his 17-year-old daughter. The Gall Despite the luxury buys, the employee said the owner and his legal team 'have the gall to deny us a cost of living increase' and recently switched the company's health insurance provider to UnitedHealthcare to save 'a few dollars.' Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— The post added another detail that upset commenters: When a coworker died in a car crash, the boss sent the grieving widow $50 in cash and a $50 gift card to Olive Garden. Meanwhile, employees raised $1,800 of their own money to help cover funeral expenses. Commenters piled on with their own stories of mistreatment and wage suppression while employers flaunted wealth. One person recalled, "Everyone in the family got brand new cars, and they took away paid holidays and paid time off for their employees and wouldn't give them raises." Another shared, "He is buying luxury cars because he's not paying you ... That is your money. The value you bring to the table ... is his daughter's luxury car budget." Others pointed out how common this dynamic is across industries. "This is 2025 USA in a nutshell," one person commented. Trending: $100k+ in investable assets? – no cost, no obligation. A former paralegal chimed in about being underpaid while doing billable work that her boss charged $400 an hour for: "He wouldn't even let me use the title of paralegal because then ethically he should be billing my work at paralegal rates." A commenter said their husband's employer cut benefits and lost three employees in a month, despite the business operating in a thriving industry. Another recounted being told by a boss that a $1-per-hour raise would sink the company, only to watch that same owner buy a new Rivian in cash. Another user summed it up simply: "Record profits are stolen wages." The thread became a lightning rod for larger frustrations around capitalism, worker exploitation, and class inequality. Some users called for unionization, while others leaned into gallows humor: "That's why billionaires all want to go to space. The guillotine doesn't work in zero gravity." Others referenced the French Revolution, noting that when the divide between rich and poor becomes extreme, things break down. "Economic inequality correction can be brutal," one commenter warned. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Many are using retirement income calculators to check if they're on pace —UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article A Worker Says Their Boss Just Bought A Ferrari And A New Urus For His Teen Daughter. Meanwhile, Employees Were Denied A Cost Of Living Raise originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Insider
13 hours ago
- Business Insider
Plume Featured in White House Digital Asset Policy Report
Plume, the real world asset (RWA) chain, welcomed the inclusion of its consultation and insights in the President's Working Group on Digital Asset Markets report. Plume was highlighted for its contribution of market insights on tokenization of real world assets. Last week, Plume released a set of forward-looking policy recommendations calling for the development of capital markets policy. In the memo, the team called for capital markets regulation that matches the innovation unlocked by stablecoins. The Working Group's newly released national roadmap affirms that vision, highlighting the role of permissionless infrastructure, tokenized financial products, and updated regulatory frameworks in advancing U.S. leadership in digital finance. 'The Report is a full-throated endorsement of permissionless blockchains and decentralized finance at the heart of a future onchain financial system. Plume has worked to sate global demand for US dollar assets through offshore work arounds. This Report is the blueprint for the onshoring of onchain capital markets under a regulatory framework that addresses real risks but also realizes new opportunities,' said Salman Bananei, General Counsel at Plume. The Report aligns with Plume's core belief that open, permissionless blockchains and DeFi can strengthen markets when paired with responsible oversight. This reinforces the value of decentralized infrastructure under thoughtful regulation. It also echoes Plume's call for regulatory clarity, supporting innovation sandboxes, safe harbors, and updated rules around custody, registration, and capital treatment, especially for assets on public blockchains. The Report affirms that tokenized assets are the future of finance. The team at Plume have advocated for policies that enable safe tokenized yield and other onchain financial products as a part of robust onchain capital markets. On stablecoins, the Report aligns with Plume's position that they can modernize U.S. payments and that the government should support the 'development and growth of lawful and legitimate dollar-backed stablecoins worldwide.' Finally, the Report supports tax reforms long advocated by Plume, including treating stablecoins as money and creating a digital asset-specific tax category to support compliant onchain activity. Plume As a Real World Asset Market Leader At over 160,000 holders at time of writing, Plume accounts for 50% of all RWA holders across Web3. With over $300 million in total value locked (TVL) and growing, Plume is well placed to support policy as governments across the world catch up to the reality that digital assets are a foundational part of future financial structures. The alignment between Plume's proposals and federal recommendations underscores the company's leadership in shaping policy at the intersection of blockchain and traditional finance. Plume is the first full-stack blockchain and ecosystem dedicated to real-world asset finance. With 200+ projects building on its EVM-compatible infrastructure, Plume makes it simple to tokenize and integrate real-world assets into DeFi applications, enabling anyone to interact with global financial markets through intuitive, on-chain tools.
