Financial Fraud: Larry Thornton Sentenced For Failing to Pay Employment Taxes

Financial Fraud: Larry Thornton Sentenced For Failing to Pay Employment Taxes Tennessee Business Owner Sentenced to Prison for Failing to Pa...

Financial Fraud: Larry Thornton Sentenced For Failing to Pay Employment TaxesTennessee Business Owner Sentenced to Prison for Failing to Pay More Than $8 Million in Employment Taxes Spent $6.2 million on Personal Expenses from Business Accounts while Failing to Pay U.S. Treasury A Germantown, Tennessee, resident and business owner was sentenced today to one year in prison and ordered to pay more than $10 million in restitution for failing to pay over employment taxes to the Internal Revenue Service (IRS), announced Principal Deputy Assistant Attorney General Caroline D. Ciraolo, head of the Justice Department’s Tax Division and U.S. Attorney Edward L.