Wound Management Technologies (OTC:WNDM) struck a deal with the IRS as part of a delinquent tax liability investigation. The company in March ponied up the final $16,000 due under the compromise, according to an SEC filing.
Last year, The Fort Worth-based medical device company handed over $122,223 to the IRS, in part to cover the balance of a delinquent tax bill and partially to cover some of the interest and payments owed.
The original tax lien was filed against the company in 2009 for delinquencies in 2004-2005. According to regulatory filings, the company owed $208,142 in unpaid penalties and interest as of December 31, 2012.
Busted in an undercover FBI sting in 2009, former CEO Scott Haire was found guilty of running a kickback scheme and the company paid a civil penalty of $20,000 after denying knowledge of Haire’s actions. Wound Management Technologies also agreed to a permanent injunction barring it from “the payment of undisclosed compensation to investment advisors, managers, and trustees or the manipulation of the price or volume of any security.”