CEO of Medical Device Company Charged with Evading Payment of $6 Million in Federal Payroll Taxes

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FILE PHOTO: Signage is seen at the United States Department of Justice headquarters in Washington, D.C.

MINNEAPOLIS – A Mounds View man has been charged with tax evasion for failing to pay several years’ worth of payroll taxes, announced U.S. Attorney Andrew M. Luger.

According to court documents, Larry Wallace Lindberg, 68, is a pharmacist and the CEO of Midwest Medical Holdings LLC, a Mounds View-based pharmaceutical and medical equipment company. As the owner and CEO of the company, Lindberg was responsible for filing tax returns and paying taxes on behalf of the company. Despite being aware of his company’s tax obligations, Lindberg failed to pay over to the Internal Revenue Service (“IRS”) several hundred thousand dollars in federal payroll taxes each quarter. Beginning in 2011, the IRS spent years attempting to collect on the tax debt. Lindberg entered into several installment agreements with the IRS in which he agreed to make regular payments towards the tax debt, but ultimately failed to make the payments and defaulted on each of the agreements. In attempt to evade the IRS’s collection of the tax debt, Lindberg diverted funds and assets to other business entities he controlled. In total, Lindberg and Midwest Medical Holdings owes more than $6 million in federal income taxes.

Lindberg is charged with one count of tax evasion. He will make his initial appearance in U.S. District Court before Judge Katherine M. Menendez on April 21, 2022.

This case is the result of an investigation conducted by the IRS Criminal Investigation Division.

Assistant U.S. Attorney Joseph H. Thompson is prosecuting the case.

The charges contained in the information are merely accusations, and the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.