A Kenai dentist and his wife were charged with tax evasion, fraud and money laundering in an indictment unsealed on Thursday, according to a press release from the U.S. Department of Justice.
A federal grand jury in Anchorage charged Glenn and Saray Lockwood with evading payments of millions of dollars of federal income taxes and filing false bankruptcy petitions to impede the Internal Revenue Service’s collection efforts.
The release alleges the couple attempted to conceal their assets from the IRS and their bankruptcy creditors by forming an LLC and transferring assets to the company. The Lockwoods allegedly attempted to evade more than $3.5 million in taxes from 2013 to the present, according to the release, and denied ownership of the LLC and other assets.
The couple faces a potential maximum of five years in prison for each count of tax evasion, conspiracy to defraud the United States, and bankruptcy fraud, as well as 20 years in prison for each count of wire fraud, conspiracy to commit wire fraud, money laundering, and conspiracy to commit money laundering, according to the release.
An arraignment has been set for May 2, the U.S. Attorney’s Office said in an email Friday.
Reach reporter Camille Botello at camille.botello@peninsulaclarion.com.
