Wichita aerospace company owners pleads guilty to tax fraud

The owner and president of Wichita-based Omni Aerospace Inc. has pleaded guilty to filing a false tax return, U.S. Attorney Tom Beall said.

John J. O’Neill, 62, of Wichita on Monday entered a guilty plea in federal court to one count of making a false statement on a federal tax return. He admitted to seeking a special depreciation allowance he wasn’t entitled to of more than $2.7 million, Beall said.

Omni Aerospace is located at 3130 W. Pawnee in Wichita. The company’s website says it is a aerospace manufacturer and aircraft parts supplier.

O’Neill is scheduled for sentencing Jan. 17. At that time a federal judge will determine how much money O’Neill owes in taxes and also could order him to serve up to three years in federal prison and pay a maximum fine of $250,000, Beall said.

This story was originally published November 14, 2016 at 1:22 PM with the headline "Wichita aerospace company owners pleads guilty to tax fraud."