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Sep 23, 2008 2:28 pm US/Central
Strip Club Owner Indicted For Tax Evasion
MINNEAPOLIS (AP) ―
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Lawrence Frank Kladek owns the King of Diamonds Gentlemen's Club in Inver Grove Heights. (File)
AP
The owner of a Twin Cities strip club was indicted on charges of tax evasion and filing false tax returns involving an ATM scheme.
According to the United States Attorney, Lawrence Frank Kladek, 65, attempted to evade paying the proper amount of income tax from 2000 to 2003. In all, he has been charged with four counts of tax evasion and five counts of filing false tax returns.
Kladek owns the King of Diamonds Gentlemen's Club in Inver Grove Heights.
According to the charges, Kladek purchased an ATM for use at the strip club. The ATM would deposit from customers' bank accounts into an account Kladek set up and kept secret from his income tax accountants.
According to the U.S. Attorney, Kladek was supposed to refill that ATM with money deposited into his account, but he instead used cash receipts from King of Diamonds tills. According to the charges, Kladek used that taxable business income to make over $1 million in personal expenditures, including a partial payment on his home in Inver Grove Heights.
The charges indicate Kladek also filed false corporate tax returns in 2001 and 2002.
Kladek was charged Monday. If convicted, Kladek could face five years in prison for each tax evasion charge and three years for each false tax return charge.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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