MURFREESBORO, Tenn. – The former owner of a bail bonding business has been arrested.
Officials said 39-year-old Charles William Redman, III was arrested Wednesday after an investigation by the Special Investigations Section of the Tennessee Department of Revenue.
Redman was the former owner of A Plus Bail Bonding in Murfreesboro. He was arrested by deputies with the Rutherford County Sheriff’s Office.
Redman was indicted by a grand jury on five felony counts of money laundering, five felony counts of filing false tax returns, and one felony count of theft of property more than $1,000.
Authorities said if convicted, Redman could receive a maximum 12 year sentence in the state penitentiary for money laundering, and he could also be fined up to $25,000.
If convicted for tax evasion and theft, he could receive a maximum of two years and a fine up to $3,000 for each count.
Redman’s bond was set at $75,000.