by Gwen Moritz
Posted 10/3/2012 06:28 pm
Updated 7 months ago
Henry, 69, was indicted Wednesday by a federal grand jury on three counts of tax evasion. For tax years 2005, 2006 and 2007, according to the indictment, Henry failed to pay almost $135,000 in federal income tax on total income of $537,000.
Henry's defense attorney, John Wesley Hall of Little Rock, declined to comment on the indictment.
Henry surrendered his law license in 2002 after acknowledging that he converted $15,000 of a client's money to personal use. Last year, the heirs of Little Rock architect Joe Swaffar got a $1 million judgment against Henry, whom they accused of looting Swaffar's trust fund.
The Swaffar family is currently seeking to force Henry to forfeit the house he owns in Pleasant Valley to help satisfy the judgment. That case is set for trial in February before Pulaski County Circuit Judge Chris Piazza.
The indictment wasn't a surprise to the Swaffar family, their attorney, Mark Riable, told ArkansasBusiness.com.
"My clients were interviewed by the IRS and FBI, and one of them testified for the U.S. Attorney's Office," he said.
If convicted of tax evasion, Henry faces a maximum penalty of 15 years in federal prison and a fine of $750,000.