KENAI, Alaska (KTUU) – A Kenai dentist and his wife have been charged with fraud and money laundering, among other charges, according to the US Department of Justice.
The department issued a press release on Friday detailing an indictment that was not sealed on Thursday. In the statement, the department wrote that a federal grand jury in Anchorage had charged Glenn Lockwood, 75, and Saray Lockwood, 56, with tax evasion, conspiracy to defraud the United States, bankruptcy fraud, electronic fraud, money laundering and others. federal crimes.
“According to the indictment, the Lockwoods attempted to evade more than $3.5 million in taxes,” the statement said.
The release says that beginning in 2013, the Lockwoods evaded millions of dollars in federal income tax with bogus bankruptcy petitions to deter the IRS from collecting. The release says the Lockwoods then formed a limited liability company where they transferred their assets to further conceal their assets from bankruptcy creditors and the IRS.
The case is being investigated by the IRS-Criminal Investigation. The Lockwoods could face five years in prison for each count of tax evasion, fraudulent bankruptcy and conspiracy to defraud in the United States, and would also face up to 20 years for each count of wire fraud, money laundering, conspiracy to commit money laundering and conspiracy to commit wire fraud if convicted.
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