The owners of Kenai Dental Clinic are facing 84 charges of tax evasion in the U.S. District Court for the District of Alaska, according to charging documents from the court case.
The indictment was made public April 28 for Glenn and Saray Lockwood, a married couple, who, according to the document, have owned the clinic since 1997.
The Lockwoods are charged with multiple counts of individual income tax evasion, conspiracy to defraud the United States, bankruptcy fraud, concealment of bankruptcy assets, false oath in bankruptcy, false bankruptcy declaration, fraudulent proof of claim in bankruptcy, conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering and money laundering.
This isn’t the first time the duo has tangled with the IRS.
In October 2008, Glenn Lockwood was convicted of tax evasion for years 2000 to 2003, and in July 2015 the IRS notified the couple that some of their properties, including the Kenai clinic, would be seized and auctioned, the indictment says.
According to an article published in the Anchorage Daily News, Glenn Lockwood served five years in prison for some of his previous convictions, which included payments to offshore accounts and deducting personal expenses as business ventures.
The indictment states the pair has allegedly attempted to evade more than $3.5 million in taxes from 2013 to present.
According to the indictment, both Glenn and Saray Lockwood operate and are employees of the clinic in Kenai. The documents state that Kenai Dental has “generated substantial gross receipts for over two decades, typically ranging from approximately $1 million to $2 million per year.”
In addition, Glenn and Saray Lockwood received bonuses ranging from $22,000 to $70,000 per year, and in 2018 collectively received compensation from Kenai Dental Clinic totaling over half of a million dollars — $598,562, according to the court documents. The couple attempted to conceal their assets from the IRS and their bankruptcy creditors by forming an LLC and transferring assets to the company, the U.S. Department of Justice said in a release last week.
The couple faces a potential maximum of five years in prison for each count of tax evasion, conspiracy to defraud the United States, and bankruptcy fraud, as well as 20 years in prison for each count of wire fraud, conspiracy to commit wire fraud, money laundering, and conspiracy to commit money laundering, according to the release from the Department of Justice.
Reach reporter Camille Botello at camille.botello@peninsulaclarion.com.
