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Bloomington Business Man Arrested For Not Paying Taxes
Updated July 14, 2013 9:08 AM | Filed under: Crime
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(BLOOMINGTON) - A Bloomington man and owner of a local cabinet-making company faces 13 felony charges after state investigators determined he failed to pay more than $56,000 in sales taxes he reported as filed but did not pay to the state.

Indiana State Police arrested 59-year-old Larry Joe Ferree, of 7620 S. Burch Road, Thursday evening on a warrant charging him with one count of being a corrupt business influence; four counts of theft; four counts of money laundering; and four counts of failure to remit taxes.

The Herald Times reports that the Monroe County Prosecutor's Office and Indiana Attorney General's Office filed the charges on Thursday.

Ferree was booked into the Monroe County Jail at 5:50 p.m. Thursday and released from the jail 2 hours later after posting $1,500 in bond.

Investigators report Ferree's business collected the 7 percent sales tax from customer purchases and filed proper sales tax returns with the Indiana Department of Revenue, but did not pay those taxes to the department.

Instead, officials report, Ferree kept the tax money and put it back into the business.

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