Mounds View business owner charged with federal tax evasion totaling $6 million – Twin Cities


A Mounds View business owner has been charged with tax evasion after federal authorities say he failed to pay payroll taxes for several years.

On Tuesday, the U.S. Attorney’s Office announced that 68-year-old Larry Wallace Lindberg was charged with county tax evasion.

According to prosecutors, Lindberg is a pharmacist and CEO of Midwest Medical Holdings, a pharmaceutical and medical equipment company based in Mounds View.

Lindberg is accused of failing to pay the Internal Revenue Service several hundred thousand dollars in quarterly federal payroll taxes over the years.

Prosecutors said the IRS, as of 2011, spent years trying to collect taxes from Lindberg, who had entered into several agreements with the agency to pay the debt. Lindberg ultimately failed to make the payments and defaulted on each of the agreements, federal authorities alleged.

Prosecutors said Lindberg misappropriated funds and assets to other business entities he controlled. In total, Lindberg and his company owe more than $6 million in federal income taxes.

He is due to make his first appearance in US District Court on April 21.

The case is the result of an investigation by the Criminal Investigations Division of the IRS. Assistant U.S. Attorney Joseph H. Thompson is prosecuting the case.

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