Associated Press
MINNEAPOLIS — The Internal Revenue Service says bankrupt auto tycoon Denny Hecker owes at least $2.6 million in income taxes.
The IRS has placed liens on property owned by Hecker and his wife, claiming they owe taxes for 2003 and 2005. The federal agency is among a scores of creditors that are looking to recover cash from the auto dealer.
Hecker filed for personal bankruptcy earlier this month, claiming he owes up to 1,000 creditors as much as $1 billion.
The Minnesota State Patrol raided Hecker’s St. Louis Park business, two dealerships and three homes last week seeking evidence that he failed to pay state sales taxes and transfer fees on many vehicles sold by his dealerships.
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Investigators say they also believe Hecker failed to process title transfers and failed to pay off the loans on customer trade-ins.
