Court: SW Virginia boot store 'skimmed' $1.1 million off the books
The owners of a Southwest Virginia western wear store have waived their indictments in federal court after prosecutors presented evidence of the business withholding $1 million in revenues from tax coffers.
Harold Hart, Larry Dean Ball and wife Mary and Hart's grandchildren Katrina Freeman and Gary Musick have all entered into plea agreements in the case that dates back to 2010, according to court documents.
The information report says members of the family, who once owned the Old Fort Western Store in Wytheville and then held transferred shares of the business, skimmed cash from store income and used it to supply employees with a cash payroll along with paying the rent on the property.
For six years, prosecutors said the five suspects skimmed $1,121,458 through 2016, the report said, while without paying taxes to the state or the IRS.
Those five are currently free after posting bond and are scheduled for sentencing on Sept. 18 in Abingdon.