Lake St. Louis Man Indicted On Tax Charges
St. Louis, MO – Kenneth Kreisch was indicted for allegedly failing to pay employment taxes that had been deducted from employee payrolls.
According to the indictment, Kreisch controlled and was part owner of Marble and Granite Worldwide LLC (MGW). The indictment alleges that after withholding employment taxes from his employees’ paychecks, other than two quarters in 2008, Kreisch made no payments to the IRS, which were due. During the seven calendar quarters beginning in 2006 through the fourth quarter of 2008, Kreisch failed to account for and pay over approximately $462,501 in employee taxes.
"Business owners who fail to remit withheld employment taxes to the IRS are not only enriching themselves, they are creating financial problems for their employees," said Sybil Smith, Special Agent in Charge of IRS Criminal Investigation.
KENNETH KREISCH, Lake St. Louis, MO, was indicted by a federal grand jury on seven felony counts of failure to pay over taxes.
If convicted, each count of the indictment carries a maximum penalty of five years in prison and/or fines up to $10,000. In determining the actual sentences, a Judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges.
This case was investigated by IRS-Criminal Investigation. Assistant United States Attorney Jennifer Roy is handling the case for the U.S. Attorney's Office.
As is always the case, charges set forth in an indictment are merely accusations and do not constitute proof of guilt. Every defendant is presumed to be innocent unless and until proven guilty.