| ||||||||||
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... |
Cumberland Co., KY brothers plead guilty in tax, theft cases Concealed income from the sale of stolen copper wire. The brothers' scheme involved stealing copper wire from Belden, Inc., located in Wayne County, Kentucky, and then selling the stolen copper wire to Bowling Green Recycling (BGR), located in Warren County, Kentucky. Jimmy Pruitt, a manager at Belden, would arrange for the theft of the copper wire through the use of false invoices. BGR would pay the brothers with checks. The brothers would then convert the BGR checks into cashier's checks made payable to themselves and deposit the cashier checks into their personal bank accounts or tender the cashier's checks for cash. Click on headline for complete story From U.S. Attorney's Office Department of Justice, Western District of Kentucky BOWLING GREEN, KY - Two brothers from Cumberland County, Kentucky, pled guilty in United States District Court yesterday, before U.S. District Judge Greg N. Stivers, to separate, and multiple charges of tax evasion and failure to file tax returns, relating to the concealment of income from the sale of stolen copper wire, announced United States Attorney John E. Kuhn, Jr. Christopher Chad Pruitt, 39, and Jimmy Lee Pruitt, 47, admitted in court yesterday to evading federal income taxes on the illegally obtained income. The brothers' scheme involved stealing copper wire from Belden, Inc., located in Wayne County, Kentucky, and then selling the stolen copper wire to Bowling Green Recycling (BGR), located in Warren County, Kentucky. Jimmy Pruitt, a manager at Belden, would arrange for the theft of the copper wire through the use of false invoices. BGR would pay the brothers with checks. The brothers would then convert the BGR checks into cashier's checks made payable to themselves and deposit the cashier checks into their personal bank accounts or tender the cashier's checks for cash. In a separate plea agreement, Christopher Pruitt admitted to participating in the scheme with his brother Jimmy Pruitt to steal copper wire from Belden, Inc. and sell the stolen copper wire to BGR. Christopher Pruitt did not file an individual income tax return in 2009 or 2010; he filed an individual income tax return each year from 2011 through 2013, but never reported any of the income received from the stolen copper wire. According to the plea agreement, Christopher Pruitt acknowledges owing $94,030 to the IRS, exclusive of penalties and interest, prior to sentencing. Further, Christopher Pruitt admitted owing an additional tax due for the tax years of 2007 and 2008 of $6,647 bringing his total tax liability to $100,677. Jimmy Pruitt faces up to 25 years in prison, a combined maximum fine of $500,000, and a one-year term of supervised release. Christopher Pruitt faces up to 17 years in prison, a combined maximum fine of $350,000, and a one-year term of supervised release. Sentencing is scheduled for July 7, in Bowling Green, before Judge Stivers. This case is being prosecuted by Assistant United States Attorney Nute Bonner and is being investigated by the IRS Criminal Investigation. This story was posted on 2016-04-01 07:51:34
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Thai Summit to create 216 automotive related jobs in Bardstown Sabo family singing at Hadley Church 3 Apr 2016 Adair County HS hosting Lake Cumberland FFA Events Adair County Hospital District meeting 28 Mar 2016 Deadline for C/AC Chamber awards vote is 3pmCT Effort underway in Fairplay to try Moonglow pears in Kentucky Suitable replacements for the invasive flowering pear trees Men's prayer breakfast at Bloomington Chapel 2 Apr 2016 Driven in concert at New Life for the Nations 3 Apr 2016 Adair ranks 40th in KY in health outcomes, Green 20th View even more articles in topic News |
|
||||||||
| ||||||||||
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
|