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Businessman Arrested for Bankruptcy Fraud, Tax Evasion

August 10, 2010

A Roanoke entrepreneur has been arrested on federal bankruptcy fraud and tax evasion charges.

Roland "Spanky" Macher appeared in federal court Monday after he was arrested outside his used furniture store. Macher, who is well known locally as a former restaurateur, landlord and tow truck operator, was released on a $25,000 unsecured bond.

The government claims Macher failed to disclose assets, including three properties in Hilton Head, South Carolina, when he filed for bankruptcy and that he failed to pay a $200,000 IRS debt when he sold the properties in 2007.

Defense attorney Paul Dull said federal authorities told Macher five years ago that he was under investigation, so the indictment came as no surprise. He said he'll ask the court to dismiss the charges based on the statute of limitations.

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