On Tuesday, Coontz was sentenced to five years in prison following
his April conviction for tax fraud and evasion, shorthand for what
federal prosecutors say were years of Coontz’ efforts to hide some $1.7
million of income and assets from the government.
According to court documents in
the case, Coontz, while living in Charlotte, tucked away many of the
more visible trappings of his opulent lifestyle — from expensive real
estate and jewelry to a boat and a fleet of sports cars — under the
misleading umbrella of business expenses.
Coontz also diverted tens of thousands of dollars in business reimbursements to his personal use, documents say.
His write-offs included more than
$227,000 on clothes, another $140,000 on meals and entertainment
expenses, including 400 separate charges at movie theaters. Rather than
pay himself a salary, Coontz ignored his accountants’ advice and took
his living expenses out of his business accounts, including Cootz’
Rockwealth Ministries.
Pastor sent to prison for failing to pay taxes on lavish lifestyle. | Raleigh News & Observer
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