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Date: 12-14-2022
Case Style:
United States of America v. Larry Wallace Lindberg
Case Number: 0:22-cr-00061
Judge: Katherine M. Menendez
Court: United States District Court for the District of Minnesota (Hennepin County)
Plaintiff's Attorney: United States Attorney’s Office
Defendant's Attorney:
Larry Wallace Lindberg, 68, was a pharmacist and the CEO of Midwest Medical Holdings LLC, a Mounds View-based pharmaceutical and medical equipment company. As the owner and CEO of the company, Lindberg was responsible for filing tax returns and paying taxes on behalf of the company. Lindberg failed to pay the Internal Revenue Service (“IRS”) several hundred thousand dollars in federal payroll taxes each quarter. In all, Lindberg owes more than $6 million to the IRS.
Beginning in 2011, the IRS spent years attempting to collect on the tax debt. Lindberg entered into several installment agreements with the IRS in which he agreed to make regular payments towards the tax debt, but ultimately failed to make the payments and defaulted on each of the agreements. When the IRS attempted to collect on the tax debt, Lindberg took steps to evade the collection efforts by hiding his assets from the IRS. Among other things, Lindberg regularly diverted money from his company to other entities and used it to purchase real estate and other assets, and to fund his personal lifestyle. He also put assets in the name of his children, including an airplane, airplane hangar, and two vacation homes in Florida, in order to conceal his ownership and control from the IRS.
Lindberg pleaded guilty on April 21, 2022, to one count of tax evasion. Lindberg was sentenced today in U.S. District Court by Judge Katherine M. Menendez
This case is the result of an investigation conducted by the IRS Criminal Investigation Division.
Assistant U.S. Attorney Joseph H. Thompson prosecuted the case.
26:7201 TAX EVASION
Outcome: Defendant was sentenced to 24 months BOP; 2 years Supervised Release; $100 Special Assessment; Restitution in the amount of $6,058,980.00.
Plaintiff's Experts:
Defendant's Experts:
Comments: