PRESS RELEASE
January 4 , 2007
Lexington, Ky. — LARRY ALAN STIGERS, JR., owner and operator of Larry Stigers Equipment, Trailers & Trucks LLC in Frankfort, Ky., was indicted today for filing false income tax returns.
The Indictment alleges that STIGERS, 40, of Versailles, Ky., willfully filed false income tax returns from 2000 to 2003 by failing to include over $500,000 in taxable income that he knew that he had received from the operation of his used truck sales business.
If convicted, he faces up to three years in prison per count, a fine of twice the value of the tax loss, and supervised release for one year.
The investigation preceding the Indictment was conducted by the Internal Revenue Service, Criminal Investigation Division. The Indictment was presented to the grand jury by Assistant United States Attorney John Patrick Grant.
Amul R. Thapar, United States Attorney for the Eastern District of Kentucky, and Cleve Daniels, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division, jointly made the announcement today after a federal grand jury in Lexington, Ky., returned the Indictment.
STIGERS’ appearance before the United States District Court has not yet been set by the Court in Lexington, Ky.
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The indictment of a person by a grand jury is an accusation only
and that person is presumed innocent unless proven guilty.