Federal Grand Jury Indicts Simon Guobadia on Tax Charges
The Georgia federal court indictment alleges the businessman filed false tax returns and underreported company sales.
Updated on Oct. 29, 2026 in Financial Crime
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A federal grand jury in Georgia has indicted Simon Guobadia on two felony counts of assisting in the preparation and filing of a false tax return. Prosecutors allege he underreported gross sales for his company, Simcol Petroleum Limited, and provided false taxable income figures.
Why it matters
The indictment highlights federal efforts to crack down on business owners accused of concealing income and misrepresenting corporate earnings. Guobadia, who was deported from the U.S. in 2025, also faces an active arrest warrant in connection with these charges.
Simon Guobadia faces two felony charges for filing false tax returns in March 2021 and July 2021. A federal court in Georgia has issued an arrest warrant for the defendant, who was previously deported from the U.S. in 2025.
The players
Simon Guobadia
He is a businessman and owner of Simcol Petroleum Limited who has been indicted on federal tax fraud charges.
Simcol Petroleum Limited
This is a company owned by Simon Guobadia that was the focus of allegedly underreported sales figures in tax filings.
The details
Prosecutors claim that in March 2021, Guobadia reported $0 in taxable income while listing $45 million in gross sales for Simcol Petroleum Limited. By July 2021, filings allegedly reported $58,231 in taxable income against $31 million in company gross sales.
Timeline
March 2021: Simon Guobadia allegedly filed the first set of false tax paperwork.
July 2021: Guobadia allegedly filed additional false tax return documents.
2025: Simon Guobadia was deported from the United States.
October 27, 2026: A federal grand jury indicted Guobadia on two felony charges.
Legal Context
The case aligns with broader federal efforts to prosecute individuals under the Internal Revenue Code for the preparation of false returns. It reflects an ongoing trend of using financial data audits to pursue business owners suspected of systemic tax evasion.
The federal indictment underscores the consequences for businesses that misrepresent gross sales or personal taxable income. Residents and business owners in Georgia should note the rigorous documentation requirements mandated by federal tax authorities.
The takeaway
Business owners must maintain accurate documentation of both corporate gross sales and personal income to avoid severe federal felony charges. Ensuring transparency in all tax filings remains the most effective defense against potential criminal investigations.
Further reading
For more information on legal proceedings, visit Financial Crime.
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Do federal tax prosecutions of high-profile individuals increase your trust in the IRS?
