Times-Tribune Staff Report
A London doctor who worked in Eastern Kentucky and Tennessee has admitted he evaded more than $900,000 in federal income taxes, according to Kyle Edelen, spokesman for the U.S. Attorney Kerry B. Harvey.
Werner Grentz, 64, pleaded guilty Thursday to tax evasion in London’s U.S. District Court before Judge Gregory F. Van Tatenhove. As part of his plea, Grentz agreed to pay the Internal Revenue Service the money he owes.
While working as an independent physician contractor for a Jellico, Tenn., hospital, Grentz admitted he earned $356,073 in taxable income in 2009. To hide his income, Grentz had his earnings deposited into bank accounts of companies he controlled. He didn’t file a tax return or pay federal income taxes.
Since 1999, Grentz admitted he failed to pay $900,068 in taxes.
Grentz was indicted April 6 by a grand jury. According to the indictment, Grentz earned more than $1.5 million from 2005 to 2010 but hadn’t filed a federal income tax return since 1999.
Sentencing is set for 2:30 p.m. Thursday, May 16, in London. Grentz could face a maximum prison sentence of five years.
Harvey and Christopher A. Henry, special agent in charge, IRS, Criminal Investigation Division, jointly made the announcement Thursday.
The investigation preceding the indictment was conducted by the IRS, Criminal Investigation Division. The United States is represented in the case by Assistant United States Attorney John Patrick Grant.
Times-Tribune Staff Report
- Local News
10 arrested for drugs after investigation
Ten people were arrested Thursday following a three-month investigation of illegal drug activity, according to Kentucky State Police Post 11 — London Public Affairs Officer Trooper Lloyd Cochran.
Jury trial May 14 for man in murder case
A man facing murder charges after the December 2012 beating death of a Corinth Community man appeared in Whitley County Circuit Court Thursday.
Police Roundup - April 18, 2014
Two parents were charged with child endangerment early Thursday after they walked to Wal-Mart in North Corbin with a toddler, according to Laurel County Sheriff John Root.
Council members approve budget amendment
Barbourville City Council members held the second reading of a budget amendment during a special-called meeting Thursday — with no one there to hear it.
London-Laurel Tourism Commission budget approved
The 2014-2015 budget for the London-Laurel County Tourism Commission was approved at Tuesday’s meeting, according to Co-Director Kim Collier.
London-Laurel Chamber holds monthly meeting
The London-Laurel County Chamber of Commerce held its monthly meeting Thursday afternoon at the Jackson Energy Cooperative Community Room.
Budget amendment gets first read
Barbourville City Council members held the first reading of a budget amendment during a special-called meeting Wednesday.
Community garden meeting coming April 25
Some folks in Knox County are looking at bringing some green space to Barbourville, and they need some help. But first, they’ll have an informational meeting on the community garden project next Friday, April 25.
Crash on Wyan Road seriously injures two
Two men remain in a Lexington hospital with serious injuries Wednesday, after they were involved in a one-car crash west of London Tuesday evening.
Public meeting at Goldbug Vol. Fire and Rescue Dept.
A public meeting is slated for 8 p.m. tonight at Goldbug Volunteer Fire and Rescue Department, located at 869 Highway 26, Williamsburg.
- More Local News Headlines
- 10 arrested for drugs after investigation