Springfield Business Owner Charged Following TN Dept of Revenue Investigation
SPRINGFIELD TENNESSEE: (Smokey Barn News) – A former Springfield Alderman and entrepreneur is facing allegations of tax evasion following an investigation by the Tennessee Department of Revenue, according to a release by the agency.
On February 15, 2023, the Robertson County Grand Jury indicted Bruce Head, 65, President of Stewart Williams Company, in Springfield on one count of theft over $250,000, one count of money laundering, one count of tax evasion, and eight counts of sales tax fraud. These indictments allege Head filed false sales tax returns with the Department on behalf of Stewart Williams. His bond was set at $85,000.
According to the Tennessee Department of Revenue, if convicted, Head could be sentenced to a maximum of 25 years in the state penitentiary and fined up to $50,000 for theft of property. He could also be sentenced for up to 12 years and fined up to $25,000 for money laundering. Also, he could face up to two years in the state penitentiary and fined up to $3,000 for tax evasion and each count of filing false sales tax returns.