MEMPHIS, Tenn. — Two officials from Memphis bail bond companies were indicted Friday on theft of property and sales tax fraud charges, according to the Office of the District Attorney General.
They are accused of failing to report thousands of bonds to the state and failing to pay the tax on those bonds.
The two officials are George Austin Hitt, 38, the president of Memphis Bonding Company and Tennessee Bonding Company, and Angela Bryant, 41, the manager of 24 Hour Bonding Company of Memphis LLC.
Hitt was indicted for theft over $250,000. Investigators found he failed to report and pay taxes on bonds through Memphis Bonding Company from January 2010 through June 2015.
Bryant’s charge of theft over $10,000 stemmed from actions occurring from January 2013 through June 2015.