A dentist from Kenai and his wife have been indicted on an array of fraud, and money laundering charges among others, according to the U.S. Department of Justice.
detailing an indictment that was unsealed on Thursday. In the release, the department wrote that a federal grand jury in Anchorage charged 75-year-old Glenn Lockwood and 56-year-old Saray Lockwood with tax evasion, conspiring to defraud the U.S., bankruptcy fraud, wire fraud, money laundering and other federal crimes.
“According to the indictment, the Lockwoods attempted to evade more than $3.5 million in taxes,” the release said. The release said that beginning in 2013, the Lockwoods evaded millions of dollars in federal income taxes with false bankruptcy petitions to deter the IRS from collecting. The release states that the Lockwoods then formed a limited liability company where they transferred their assets to further conceal their assets to bankruptcy creditors and the IRS.
The case is being investigated by the IRS-Criminal Investigation. The Lockwoods could face five years in prison for every count of tax evasion, bankruptcy fraud, and conspiracy to fraud the U.S., and would also face up to 20 years for each charge of wire fraud, money laundering, conspiracy to commit money laundering, and conspiracy to commit wire fraud if convicted.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kenai dentist and wife indicted on charges linked to accusations of $3.5 million in tax evasionA Kenai dentist and his wife are facing numerous federal charges linked to accusations they avoided paying more than $3.5 million in taxes and filed false bankruptcy petitions to evade collection.
Read more »
Kenai dentist and wife indicted on charges linked to accusations of $3.5 million in tax evasionA Kenai dentist and his wife are facing numerous federal charges linked to accusations they avoided paying more than $3.5 million in taxes and filed false bankruptcy petitions to evade collection.
Read more »
DOJ sues former Trump campaign chair Paul Manafort for $3M on tax evasion, bank fraudThe U.S. Department of Justice sued Paul Manafort, who served as former President Donald Trump's 2016 campaign chairman, for just under $3 million for not reporting his financial interest in foreign accounts in a timely fashion.
Read more »
International Tax Consortium Lists ‘Red Flag Indicators’ of Fraud in NFT MarketplacesThe J5 Joint Chiefs of Global Tax Enforcement has issued a list of strong and moderate “red flag indicators” of fraud in NFT marketplaces. cheyenneligon reports
Read more »
2 charged in $10M Medicare fraud, kickback scheme in Houston area: US AttorneyThe indictment alleges that from 2015 to 2022, the owner of Elitte Healthcare and Service Inc. billed Medicare for home health care services that were never provided and created false medical records.
Read more »