Alaska dentist gets 5 years on tax fraud

Posted: Wednesday, March 04, 2009

ANCHORAGE - A 61-year-old Alaska dentist will serve five years in a federal prison for trying to avoid more than $575,000 in federal taxes, including taking a deduction for a Las Vegas house of prostitution as a business expense.

Chief United States District Court Judge John W. Sedwick also ordered Glenn E. Lockwood to pay a $10,000 fine and $42,000 in restitution for the costs of prosecution following his conviction on four counts of income tax evasion.

Prosecutors say Lockwood hid income through tax shelters and sham trusts. He also claimed sizable deductions - including more than $1,500 charged to Mabel's House of Prostitution.

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