Luke Jacob, Hi-Lake Liquors owner, charged with tax evasion
Luke Jacob, owner of Hi-Lake Liquors on East Lake, was charged with federal tax evasion earlier this week.
Last summer, Jacob filed a 2008 tax return in which he failed to include to the tune of $468,000, according to the U.S. Attorneys Office.
According to the charges, Jacob bilked the IRS out of $75,488. If convicted, he could face up to five years in prison.
We reached Jacob by phone at the liquor store this morning, and he says the whole thing is just a misunderstanding.
"It's just a clerical error," he says. "The accountants and the lawyers are working on it right now."
Jacob didn't want to offer any further comment at this time.
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