Kenneth L. Richardson, owner of Skyy Bonding Company in Nashville, pleaded guilty on Monday to filing a false federal income tax return and to willfully failing to file a federal income tax return.
According to the office of U.S. Attorney Jerry Martin, Richardson operated the bail bonding company at the time he served as a pastor at St. Marks Church, receiving income from both entities.
Richardson, 50, and his wife filed a federal income tax return for 2004, listing his income of $52,714, though, according to the U.S. attorney’s office, Richardson admitted during the plea hearing that the 2004 income tax return was false and that he and his wife earned at least $248,174 in adjusted gross income during 2004.
Richardson also admitted that he and his wife earned at least $291,174 in adjusted gross income during tax year 2005, but failed to file a federal income tax return as required by law.
A sentencing hearing is set for Dec. 10. Richardson faces up to four years in prison and up to $350,000 in fines, and could be required to pay restitution to the IRS.