Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Columbia Walmart Supercenter
Open 24 Hours
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
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.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
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
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
Columbia in the Movies
from the archives of
Click for Stories
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.