WJBE-A/Knoxville Owner And State Rep Joe Armstrong Indicted On Fraud Charges
June 23, 2015 at 4:30 AM (PT)
ARM-RAGE Urban AC WJBE-A-W259AV/KNOXVILLE and TENNESSEE state representative JOE ARMSTRONG (D-KNOXVILLE) has been indicted on federal charges of fraud. The charges stem from scheme involving the sale of cigarette tax stamps and hiding profits in a company to disguise income.
WBIR.COM reports, "ARMSTRONG, 58, was part of a scheme involving the sale of state cigarette tax stamps, according to the indictment. ARMSTRONG and other 'co-conspirators' bought the stamps at one price and then sold them at a profit, the indictment alleges. In addition, the indictment alleges, ARMSTRONG and his co-conspirators tried to hide the profits 'to avoid the assessment and payment of federal income taxes,' the indictment states."