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Orlando, Florida - Francis Galen Dulac, of Deland, has pleaded guilty to one count of tax evasion following an extensive 2021 investigation into Dulac's financial activities, revealing significant discrepancies between his reported and actual income through his fitness and supplement business.

Key Points

• From 2016 to 2022, Dulac reported an annual income of $12,000 to $20,000, while his actual earnings were between $275,000 and $366,000. The total amount of income taxes evaded over seven years exceeded $500,000.
• He used cash extensively in his business to obscure the nature of his operations and the identities of suppliers and customers. For example, in 2017, Dulac failed to declare income exceeding $10,000 related to illegal steroid sales.
• Dulac's lifestyle exceeded what his reported income would allow and included the purchase of luxury cars like Mercedes, Lamborghini, and Ferrari, which he financed through misrepresented income claims.
• Over 50 transactions totaling over $78,000 were made with a Central Florida firearms store from 2014 through 2021.
• To purchase his home in 2014, Dulac used a "hard money lender" for a $200,000 mortgage without providing tax returns or financial documentation. By December 2016, he had paid off the mortgage, and the property's value had risen to over $1,000,000.
• Dulac is now facing a maximum penalty of five years in federal prison, with the sentencing date yet to be determined.