GRAND RAPIDS, Mich. (WOOD) - Evan Knoll, who pleaded guilty in July to a $100 million bank fraud, was sentenced to 14 years in prison and ordered to repay the Internal Revenue Service nearly $83 million.
"It is shocking how much federal tax money was stolen by this defendant. Evan Knoll lied to banks, accountants, business partners, his employees, the community he lived in and to the Internal Revenue Service for many years," US Attorney Patrick Miles said in a statement after the sentencing.
Once he's released, he'll be supervised for five years.
Knoll, whose Torco Racing is also known as General Sales and Service (GS&S), admitted he created false documents between September 2004 - February 2008 that showed his company sold large amounts of tax-exempt racing fuel. He then used those records to file with the IRS and requested refunds for the fuel taxes he supposedly paid.
Overall, he requested refunds of more than $100 million from the IRS, and received more than $80 million in refunds.
After his plea in July, he was freed on bond with sentencing set for November 21.
But his bond was revoked and he was incarcerated on November 6 after allegedly trying to regain possession of his guns and threatened a witness.
A donation account has been set up to help the family with its search to find a missing loved one.
Wind chills will be in the single figures Thursday, with snowfall totals in the 1- to 3-inch range.
The passenger in a pickup truck that slid off U.S. 31 and rolled over told 24 Hour News 8 that watching the video of the crash is "heart-wrenching."