And Loudon businessman Joseph D.
Brandenburg, 37, has pleaded guilty to five counts of
wire fraud, money laundering and filing a false tax
return. He is to be sentenced July 13.
According to the Justice Department,
Brandenburg admitted devising a scheme to submit false
invoices for freight hauling by his business, Extreme
Logistics LLC, and laundering proceeds of the wire fraud
by transferring $30,000 from Extreme Logistics’ bank
account to another business, Extreme Properties LLC.
Brandenburg also admitted filing a false tax return for
2005 that reported a loss of more than $1.8 million. He
has agreed to pay restitution to the IRS totaling
$633,772 in unpaid taxes for 2004-2006 and at least
$147,152 in interest.
Source knoxnews.com