CALIFORNIA – The U.S. Department of Justice (DOJ) announced that a Riverside County man was sentenced to 12 months and one day in federal prison for failing to report $1.2 million in proceeds from selling Stan Lee-signed memorabilia to the IRS.
Mac Martin Anderson, 59, of Corona, was sentenced by United States District Judge Kenly Kiya Kato, who also ordered him to pay $482,833 in restitution.
From 2015 to 2018, Anderson had a personal relationship with Marvel Comics publisher Stan Lee and sold Marvel-related items bearing Lee’s autograph to various dealers, brokers and fans at comic conventions.
In exchange for selling these memorabilia, Anderson received payments from buyers, typically in the form of cash or checks.
These payments were considered regular income by the IRS and should have been reported on Anderson’s income tax return each year that he received money.
From 2015 to 2018, Anderson earned $1.24 million from memorabilia sales and owed $482,833 in taxes.
IRS Criminal Investigation investigated this matter.
