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Former business owner indicted

SPRINGFIELD -- A federal grand jury indicted the former owner of an area tobacco shop Wednesday.
SPRINGFIELD -- A federal grand jury indicted the former owner of an area tobacco shop Wednesday. Michael S. Fogerson, 50, was charged with two counts of filing false income tax returns and one count of structuring.

Fogerson used to own shops in Champaign and Decatur, known as The Smoke Shack. The indictment alleges Fogerson withheld financial records from his tax preparer for 2009 and 2010. As a result, the company's gross receipts were allegedly under-reported by a total of approximately $1.3 million.

Fogerson allegedly lowered his individual adjusted gross income for each of the tax years and failed to pay over $470,000 in income taxes. A summons will be issued by the U.S. Clerk of the Court for Fogerson to make his initial appearance in Urbana on a date yet to be determined.

If convicted, each count of filing a false tax return carries a penalty of up to three years, a $100,000 fine, plus full restitution. For unlawful money structuring, the penalty is up to 10 years in prison.
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