A London physician pleaded guilty Thursday to evading nearly $1 million in taxes since 1999.
Werner Grentz, 64, agreed to pay the IRS about $900,000 in unpaid taxes as part of his plea, according to a news release from U.S. Attorney Kerry B. Harvey.
While working in London and Jellico, Tenn., Grentz admitted to making $356,073 in 2009. Grentz hid his income by depositing his earnings into bank accounts of companies he owned.
He did not file tax returns or pay federal income taxes, according to the news release.
Grentz is scheduled for sentencing May 16, and he faces a maximum sentence of five years.
Taylor Pettit 859-321-3205 @heraldleader