Riverfront Property Owner Will Fight Covington’s Eminent Domain Move
“The suspended Covington attorney sent away to prison on tax charges has told The River City News that he will fight the City of Covington’s effort to take his riverfront property by eminent domain.
Meredith “Larry” Lawrence is out of federal prison and is living in a halfway house in Lexington but commutes daily to his law office in Warsaw, though he is currently suspended from practicing law while his appeals make their way through the court system.
“I had a law practice that was thirty-five years along, never had a claim with the Bar Association, had a perfect bill of health,” Lawrence said. “One day the IRS walked in and said, you owe me a million dollars.”
Lawrence explained that his CPAs always handled his tax forms and that he had never filled one out. He was accused of not reporting income from business enterprises like Racers, a girly bar near the Kentucky Speedway in Gallatin County. He said he was also investigated by the IRS for giving away land near the Speedway, which he said was to be used for the construction of an emergency vehicle shelter for use during racing events.”
RCBYK 1 October 2014