July 5, 2022

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Federal: Medical machine CEO owes over $6 million in taxes

MINNEAPOLIS (AP) — A CEO of a suburban Minneapolis medical machine firm is accused of failing to pay greater than $6 million in payroll taxes, curiosity and penalties to the Inside Income Service.

Larry Lindberg was charged Monday in federal court docket with one depend of tax evasion. His lawyer stated the previous pharmacist and proprietor of Midwest Medical Holdings in Mounds View plans to plead responsible later this month.

“Larry felt unhealthy about it,” protection lawyer Tom Brever stated Wednesday. “He knew he screwed up. … He knew he needed to make peace.

The IRS opened its case in opposition to Lindberg in 2011, prosecutors stated. Lindberg, 68, agreed to a number of fee plans through the years, however in the end failed on all of them. Authorities stated he spent the cash on actual property, private journey and different non-business bills, the Star Tribune reported.

Brever stated federal sentencing tips known as for a jail time period of about 2½ years. The plea settlement requires Lindberg to return all cash to the IRS.

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